The Fiscal Responsibility Act of 2023 aims to reduce USG spending by $2.1 trillion, with an additional $1.5 trillion in mandated savings over the next two years. The bill reclaims $28 billion of unutilized COVID-19 funds and cuts an additional $400 million from the CDC’s “Global Health Fund,” which channels taxpayer funds to China. Collectively, these cuts represent the largest rollback of federal spending in American history.
Effect of Fiscal Responsibility Act on Project Next Gen BARDA Funding
