The permanent cancellation of funding by request of the President (OMB) is called?

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Multiple Choice

The permanent cancellation of funding by request of the President (OMB) is called?

Explanation:
Rescission is the permanent cancellation of budget authority that has already been enacted. The President, with input from the Office of Management and Budget, can propose rescissions to Congress under the Impoundment Control Act. If Congress approves or does not act within the 45-day window, the funds are canceled and cannot be spent. This is distinct from deferrals, which only delay spending to a later period and do not permanently cancel authority. Budget authority is the legal permission to incur obligations and spend funds; pecuniary certification isn’t part of this process.

Rescission is the permanent cancellation of budget authority that has already been enacted. The President, with input from the Office of Management and Budget, can propose rescissions to Congress under the Impoundment Control Act. If Congress approves or does not act within the 45-day window, the funds are canceled and cannot be spent. This is distinct from deferrals, which only delay spending to a later period and do not permanently cancel authority. Budget authority is the legal permission to incur obligations and spend funds; pecuniary certification isn’t part of this process.

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