Senators want unspent funds trimmed

U.S. Senator Saxby Chambliss

U.S. Senator Saxby Chambliss

WASHINGTON — U.S. Sen. Saxby Chambliss, R-Moultrie, said Tuesday he has signed on as a co-sponsor on a bill that would require the Obama administration to cut $45 billion in unused federal funds.

The legislation introduced by U.S. Sen. Marco Rubio, R-Fla., would require that the Office of Management and Budget rescind funds from unobligated, discretionary appropriation balances in federal accounts and report to Congress and the Treasury Department on the work within two months.

“We are in the middle of a fiscal crisis, and we must use every tool available to pay down our out-of-control debt and deficit,” Chambliss in announcing his support for the Decrease Spending Now Act. “Let’s correct past mistakes by rescinding unspent money and using it to pay down the debt before someone in Washington finds a way to spend it again.”