• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Scoop: Key conservative caucus draws red line on House budget plan

by January 30, 2025
written by January 30, 2025

DORAL, Fla. — Leaders within the House GOP’s largest caucus are drawing a red line in congressional Republicans’ budget talks.

The Republican Study Committee’s (RSC) steering group is calling for any budget reconciliation plan to ultimately lead to reductions in the U.S. deficit, which occurs when the federal government’s spending outpaces its revenues in a given fiscal year.

‘Reconciliation legislation must reduce the federal budget deficit. Our national security depends on our ability to bring about meaningful fiscal reform,’ the official position, first obtained by Fox News Digital, said. 

RSC leaders met behind closed doors at House Republicans’ annual retreat to hash out their stance. GOP lawmakers were at Trump National Doral golf course in Florida for three days of discussions on reconciliation and other fiscal deadlines looming on the horizon.

They have been negotiating for weeks on how to use their razor-thin majorities in the House and Senate to pass massive conservative policy changes through the budget reconciliation process.

By reducing the threshold for Senate passage from 60 votes to a 51-seat simple majority, reconciliation allows a party in control of both congressional chambers to enact sweeping changes, provided they are relevant to budgetary and fiscal policy.

At 178 members, RSC is House Republicans’ largest inter-conference group. It often acts as the House GOP’s de facto ‘think tank’ on policy matters.

The group is being led this year by Rep. August Pfluger, R-Texas. Its previous chairman is Rep. Kevin Hern, R-Okla., who was recently elected House Republican Policy Committee chair – an example of RSC’s close ties to GOP leadership.

Republican lawmakers have their work cut out for them this year as they work to unify for congressional leaders’ preferred timeline for the reconciliation process.

Speaker Mike Johnson, R-La., said Wednesday that he intends to have a House-wide vote on an initial budget resolution in late February.

But once Rep. Elise Stefanik, R-N.Y., departs for the Trump administration as expected, House Republicans will not be able to afford any defections to pass legislation along party lines. In the Senate, the GOP can lose two lawmakers to still meet the 51-vote threshold.

And President Donald Trump outlined several specific policies he wants Republicans to include in their reconciliation legislation – including no taxes on tips or overtime pay and more funding for the U.S.-Mexico border – which could add to the federal deficit if not paired with significant spending cuts.

Republicans have floated various ways to achieve those cuts, including adding work requirements to federal benefits and rolling back progressive regulations enacted during the Biden administration.

Johnson said he wanted Republicans’ final product to be deficit-neutral or better.

‘Anything we do, is going to be deficit-neutral at least, and hopefully deficit-reducing, because we think we’ve got to change that trajectory,’ he said on Wednesday. ‘So that is part of the healthy discussion we’ve been having. And everyone has lots of opinions about that, of course. And, the opinions are welcomed.’

The U.S. is running a cumulative deficit of $710 billion in fiscal year 2025 so far, according to the Bipartisan Policy Center. It’s $200 billion more than the same period in FY 2024.

Meanwhile federal revenues were $1.1 trillion through December, a decrease of 2% from the same period prior, the group said.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
First-term House Dem attacks White House spox Karoline Leavitt as ‘Fake Christian’
next post
Billion-dollar Mexican cartel ops disrupted by Trump’s border crackdown as US issues do-not-travel warning

related articles

Hawley blasts FDA approval of new abortion drug,...

October 2, 2025

Trump’s DOGE savings dwarfed by Medicare, Social Security...

October 2, 2025

FLASHBACK: James Comey urged officials to always prosecute...

October 2, 2025

The agency staff Vought might recommend cutting and...

October 2, 2025

Reagan-appointed judge, once rebuked by Supreme Court, continues...

October 2, 2025

Trump must triple severely outdated nuke arsenal to...

October 2, 2025

‘Real consequences’: Food aid, flood insurance, FEMA funds...

October 2, 2025

White House says federal layoffs could hit ‘thousands’...

October 2, 2025

Johnson shuts door on negotiating shutdown deal as...

October 2, 2025

Democrats refuse to budge over Obamacare fight as...

October 2, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Canada to launch world’s first Solana spot ETF on April 16: could SOL jump 40%?

    April 15, 2025
  • Trump revokes Biden order allowing transgender troops in bid to rid DEI from military

    January 22, 2025
  • Tulsi Gabbard’s warning to Senate on Syria proves prophetic as Al Qaeda-linked regime slaughters minorities

    March 8, 2025
  • HHS brings back hundreds of staff following force reduction in latest rehiring move

    June 11, 2025
  • Russia remains ‘active threat’ in influencing 2024 election, likely to focus on swing states: US officials

    November 5, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,247)
  • Investing (634)
  • Stock (935)

Latest Posts

  • Ticketmaster offers four tickets for $80 to selected shows amid summer concert slowdown

    July 19, 2024
  • White House website praises lifetime Supreme Court appointments as Biden pushes term limits

    July 30, 2024
  • Turkey’s markets plunge on the arrest of Erdogan’s rival Ekrem Imamoglu, Lira hits record low

    March 19, 2025

Recent Posts

  • A second judge rules against Trump’s removal of transgender troops

    March 25, 2025
  • Apple Watch getting redesigned blood oxygen feature following legal dispute

    August 15, 2025
  • House Dems push Garland to drop charges, release second part of Jack Smith report

    January 16, 2025

Editor’s Pick

  • Chinese nationals banned from US student visas under new House GOP proposal

    March 12, 2025
  • DAVID MARCUS: Disband the White House Correspondents’ Association

    April 28, 2025
  • Comcast to announce the spinoff of cable networks, including MSNBC, CNBC and USA, sources say

    November 20, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock