Following the president’s rescissions proposal, it’s not surprising there has been some confusion surrounding what it would and would not do. The term “rescission” itself is budgetary jargon rarely heard outside the Beltway, and it is apparently rarely understood even within it.
That’s why it’s worth clarifying the most controversial—and most mischaracterized—component of the president’s request: the $6.8 billion in proposed rescissions from the Children’s Health Insurance Program (CHIP).