Court Blocks Cut

The most likely path is that a federal district court treats the GAO finding as persuasive and blocks the pocket rescission while litigation proceeds. Courts have already allowed the lawsuits to move forward, and the timing near the fiscal-year boundary strengthens lawmakers' argument that the administration tried to bypass the Impoundment Control Act.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.