Expanded presidential authority could help control ballooning budgets

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The White House called for a new presidential power Monday to slash spending that would be similar to a line-item veto.

The “expedited rescission authority” that President Barack Obama is sending to Congress this week would allow the president to propose a package of cuts to recently signed spending measures and then force Congress to take up-or-down votes on it. Those cuts would become law if they received a majority of votes in both chambers.

Full Story: Obama asks Congress for power to slash spending measures – TheHill.com.