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President Trump speaks at the White House after signing the budget last month. Photo: Jabin Botsford / The Washington Post via Getty Images

President Trump may try to hit "undo" on a slice of the $1.3 trillion spending bill that he signed last month after threatening a veto, and now regrets.

The big picture: Republican aides in the House and Senate tell me they're working with the White House on a possible plan to rescind billions of dollars — and perhaps tens of billions.

  • One possible target: foreign aid.
  • The proposal may not be ready for a couple of weeks, the aides said.
  • Conversations have included a target up to $60 billion, but Republicans on the Hill say it would need to be less than that.
  • A GOP source: "The idea generally is one that congressional leadership is taking seriously, reviewing, and supportive of. It’s unlikely Congress would be able to pass a $60 billion rescission. A smaller rescission is possible."

What Jonathan Swan is hearing: Senior officials have been working with Trump to ensure that history doesn’t repeat itself the next time he has to sign a spending bill, at the end of September.

  • They have been working to ensure he doesn’t feel blindsided by bad TV coverage from conservative opinion hosts — which White House officials viewed as unfair and in some instances, flatly inaccurate.
  • Politico noted: "Democrats slammed GOP leaders and the White House for floating the rescission package right after pushing through a budget deal, saying Republicans were simply reacting to negative news coverage by conservative outlets."

Be smart: Negotiations on a spending "undo" would be delicate because some Republicans on the Hill view the proposal as an effort to help Trump with his 2020 reelection, while giving them more 'splaining to do in this year's midterms.

  • A GOP aide told me the process could "pit R against R": "It just makes in-cycle members take a tough vote. ... This deal was painfully put together. ... Would reopen the wound."
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Go deeper

Read: Former Vice President Walter Mondale's last message

Photo courtesy of Mondale.

Former Vice President Walter Mondale wrote a farewell letter to his staff, sent upon his death on Monday, thanking them for years working together.

Dear Team,

Well my time has come. I am eager to rejoin Joan and Eleanor. Before I Go I wanted to let you know how much you mean to me. Never has a public servant had a better group of people working at their side!

Together we have accomplished so much and I know you will keep up the good fight.

Joe in the White House certainly helps.

I always knew it would be okay if I arrived some place and was greeted by one of you!

My best to all of you!

Fritz

Former Vice President Walter Mondale dies at 93

Walter Mondale, left, with former President Jimmy Carter in Jan. 2018 at the McNamara Alumni Center on the University of Minnesota's campus in Minneapolis. Photo: Anthony Souffle/Star Tribune via Getty Images

Walter Mondale, who transformed the role of U.S. vice president while serving under Jimmy Carter and was the Democratic nominee for president in 1984, died Monday at 93, according to a family spokesperson.

The big picture: President Biden, who was mentored by Mondale through the years, said in 2015 that the former vice president gave him a "roadmap" to successfully take on the job.

Scoop: U.S. ambassador refuses Kremlin push to leave Russia

U.S. Ambassador to Russia John Sullivan. Photo: Anton Novoderezhkin/TASS via Getty Images

The United States ambassador to Russia is refusing to leave the country after the Kremlin "advised" him to return home following new Biden administration sanctions, two sources briefed on the situation tell Axios.

Why it matters: John Sullivan, a respected diplomat who President Biden has, so far, retained from the Trump era, is at the center of one of the most important early tests of Biden's resolve.