Summary

This letter reports on the status of budget authority proposed for rescission by the President in special messages during fiscal year 1992. GAO discusses actions taken by Congress on the rescission proposals and the funds proposed for rescission that have been made available for obligation. Included is a chart detailing the nature of the funds proposed for rescission and the amounts involved.

GAO found that the Office of Management and Budget made available for obligation all funds that the President had proposed for rescission.