Trump wants Congress to slash $15 billion in spending

President Trump talks about the tax law
Trump has been under pressure to show a commitment to fiscal restraint. Photo: Nicholas Kamm/AFP/Getty Images

President Trump will ask Congress Tuesday to slash $15 billion from the previously approved spending package, including funds from the Children's Health Insurance Program (CHIP) and the Affordable Care Act, an administration official said during a background briefing Monday.

Why it matters: There's not much chance that Congress will actually pass the "rescissions" package, since Senate Majority Leader Mitch McConnell says it's not a good idea. The main thing the proposal might do is improve Trump's standing with fiscal conservatives — but it could also make Republicans even more vulnerable to Democratic attacks over their health care records.