word of the day: retrench

The word of the day is retrench:

verb (used without object)

to economize; reduce expenses (dictionary.com)

"For Barack Obama, it is essential to end those two wars [Iraq and Afghanistan] and this retrenchment is in the national interest."

 - Michael McFaul, as quoted by David Remnick, "Watching the eclipse: Ambassador Michael McFaul was there when the promise of democracy came to Russia - and when it began to fade", 11 & 18 August 2014 The New Yorker