Day Trading Reports
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Day Trading Reports

Politics

Trump budget bill in peril as warring House GOP factions threaten rebellion

by admin February 25, 2025
February 25, 2025
Trump budget bill in peril as warring House GOP factions threaten rebellion

House Republicans’ mammoth budget reconciliation bill is in peril on Monday evening with at least two GOP lawmakers threatening to vote against it.

House GOP leaders are hoping to hold a vote Tuesday on a vast bill advancing President Donald Trump’s priorities on the border, defense, taxes, and energy. 

But at least two House Republicans have said they oppose the legislation – and the GOP’s razor-thin margins mean Speaker Mike Johnson, R-La., can only afford one defector to still pass anything along party lines, if all Democratic lawmakers are present.

Rep. Tim Burchett, R-Tenn., told reporters he was against the bill on Monday, the day after Rep. Victoria Spartz, R-Ind., said she was also opposed. Both said they are seeking assurances that Congress is sufficiently committed to cutting government over-spending.

Meanwhile, a group of GOP lawmakers in less ruby-red districts are still undecided over potentially severe cuts to Medicaid and other federal programs to offset the cost of Trump’s priorities.

Rep. Nicole Malliotakis, R-N.Y., told reporters there was ‘somewhere between six and 10’ House Republicans who needed more clarity on where spending cuts will fall.

‘If I don’t get answers, I’m not going to vote for it,’ Malliotakis said. ‘But if I can get some clarity and assurances, then you know, we’re moving a little bit more toward the ‘yes’ column.’

Malliotakis said on the way into Johnson’s office Monday that there was ‘a lot of seniors and people with disabilities’ in her district, ‘and I want to make sure they’re not gonna get harmed in this process.’

Rep. Juan Ciscomani, R-Ariz., who was also part of that meeting, called it ‘helpful’ but did not commit to supporting the bill.

Malliotakis and Rep. Tony Gonzales, R-Texas, also said they were still undecided when leaving the meeting.

Spartz is also expected to meet with Johnson at some point Monday to discuss her stance.

Burchett, however, told reporters he had no current plans to speak with Johnson about his opposition – but left room to be persuaded.

‘I would like to see a commitment that we’re going to go after [spending cuts],’ Burchett said. ‘When we say we’re decreasing the rate of growth, we’re still growing. And again, can we not just go back to pre-COVID spending levels?’

Rep. Thomas Massie, R-Ky., also signaled he was against the bill, writing on X, ‘If the Republican budget passes, the deficit gets worse, not better.’

House and Senate Republicans are aiming to use their majorities to pass a broad swath of Trump policies, from more border security funding to eliminating taxes on tipped and overtime wages, via the budget reconciliation process.

By leveling thresholds for passage in the House and Senate at a simple majority, reconciliation allows the party in power to pass fiscal legislation without any support from the opposing side. The Senate has a two-thirds majority threshold to advance most measures. 

The bill aims to increase spending on border security, the judiciary and defense by roughly $300 billion, while seeking at least $1.5 trillion to $2 trillion in spending cuts elsewhere.

As written, the bill also provides $4.5 trillion to extend Trump’s 2017 Tax Cuts and Jobs Act (TCJA) provisions, which expire at the end of this year.

This post appeared first on FOX NEWS

previous post
Trump officials list 5 weekly accomplishments ahead of Musk midnight deadline
next post
Australia found out about Chinese navy live-fire drills through a commercial pilot, official says

Related Posts

GOP rebels push for $2.5 trillion cuts in...

February 6, 2025

Trump jokes that Biden turkey pardon in 2024...

November 26, 2025

Trump confirms National Security Council firings as Waltz’s...

April 4, 2025

Scorched-earth Shanahan: RFK Jr’s former running mate threatens...

January 30, 2025

Trump says he could deploy US military in...

October 29, 2025

Trump’s first vice president urges his old boss...

May 9, 2025

WATCH: AOC leaves door open for 2028 presidential...

April 30, 2025

Trump has Mexico on the ropes

March 19, 2025

Epstein files debacle spurs new interest in contents...

March 1, 2025

How Trump-blocking judges managed to get past Senate...

March 30, 2025

    [doubleoptin_header]


    [doubleoptin_footer]

    Editors’ Picks

    • 1

      Forum Energy Metals and Global Uranium Announce Exploration Update on Drill Targeting, Northwest Athabasca Project, Saskatchewan

      January 31, 2025
    • 2

      Mega M&A: Rio Tinto-Glencore Merger Sparks Chatter

      January 28, 2025
    • 3

      Excellent 90% recoveries at Cork Tree Well & Board Update

      February 17, 2025
    • 4

      Rare Earths Stocks: 9 Biggest Companies in 2025

      April 8, 2025
    • 5

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 6

      Financial Agreement signed releasing $2M grant

      January 23, 2025
    • 7

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    [disclaimer_helper]

    [copyright_helper]