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

Senators leapfrog House Republicans on anticipated Trump budget bill

by February 5, 2025
written by February 5, 2025

: The Senate will look to beat House Republicans to the punch next week on plans to enact President Donald Trump’s agenda via the budget reconciliation process.

Ahead of a weekly lunch meeting hosted by Senate Steering Committee Chairman Rick Scott, R-Fla., a plan was unveiled by Senate Budget Committee Chairman Lindsey Graham, R-S.C., to push for a committee vote next week on a first bill, with plans for an additional reconciliation bill later in the year, a Senate Republican source told Fox News Digital. 

The first bill would include Trump’s priorities for border security, fossil fuel energy and national defense. The second bill would focus on extending Trump’s tax policies from the Tax Cuts and Jobs Act (TCJA).

Senior White House staffers were also present at the Wednesday lunch, the source said.

It comes amid some infighting within the House GOP about what level of spending cuts to seek in order to offset the costs of Trump’s priorities. An expected vote this week to advance a resolution through the House Budget Committee is now likely poised for next week as well.

The first step in the reconciliation process is marking up and advancing a bill through the Senate and House budget committees.

House leaders had intended to make the first move in the process. The Senate passing their own bill first, however, would essentially force the lower chamber to contend with whatever product comes from the other side of Capitol Hill rather than start from a position of their own choosing.

It would also shift gears to a two-pronged reconciliation bill blueprint, something opposed by the House Ways & Means Committee and House GOP leaders.

Proponents of the one-bill approach are concerned about leaving Trump’s tax cuts, which expire at the end of this year, on the back burner. House Ways & Means Committee Chairman Jason Smith, R-Mo., previously referenced the fact that Republicans have not passed two reconciliation bills in one year since the 1990s, when they had a much larger majority.

Trump has said he prefers ‘one big, beautiful bill,’ but would be open to two.

Graham has notably been liaising with the House Freedom Caucus leaders on the subject all week, two sources told Fox News Digital. The caucus has preferred a two-pronged approach, in line with many Senate Republicans. 

By lowering the threshold for Senate passage from 60 votes to 51 out of 100, reconciliation allows the party in power to skirt its opposition to advance its agenda – provided the items included relate to budgetary and other fiscal matters. The House of Representatives already has a simple majority threshold.

But with razor-thin margins in the House and Senate, Republicans can afford precious little dissent to still get their priorities over the finish line.

Spending hawks on the House Budget Committee had balked at multiple offers by GOP leaders on a ‘floor’ for cutting back federal funding, calling for the baseline to be set at least at $2 trillion.

They’re also seeking assurances that House GOP leaders have a firm plan in place for those cuts.

Multiple House Republicans leaving their Wednesday morning conference meeting signaled they were growing anxious about the Senate jamming them with their own reconciliation bill.

‘I think there’s a lot of frustration right now,’ one House GOP lawmaker said. ‘There’s some concern now that if we don’t move forward with something soon, that the Senate is going to jam us.’

‘What we’re worried about is losing the opportunity. I think we’re more likely to cut than they are,’ a second GOP lawmaker said.

Johnson brushed off concerns that the Senate will act first in comments to reporters earlier this week, maintaining the House will take the initial step.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Father of Hamas hostage: Let Trump close deal of the century
next post
Mattel says Barbies and Hot Wheels could soon get more expensive under Trump’s tariffs

related articles

Inside longtime Biden aide’s marathon closed-door grilling in...

July 12, 2025

David Gergen, trusted White House advisor to 4...

July 11, 2025

Who is Ashley Williams, the longtime Biden aide...

July 11, 2025

Jasmine Crockett rips Trump ‘regime,’ vows ‘solidarity’ with...

July 11, 2025

‘Nothing to stand on’: Ex-White House physician slams...

July 11, 2025

State Department to axe 1,800 employees

July 11, 2025

JONATHAN TURLEY: Justice Jackson plays pundit to dismay...

July 11, 2025

Biden cover-up probe heats up as another ex-White...

July 11, 2025

State Department to begin mass layoffs of about...

July 11, 2025

Duffy just got an additional job in Trump’s...

July 11, 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

  • Guts Stock Overview: Latest Trends and Data To Know About

    October 4, 2024
  • Jan. 6 committee member says pardons are unnecessary: ‘We didn’t do anything wrong’

    January 16, 2025
  • Argentina’s Milei rallies Venezuelan opposition despite Maduro’s ‘ugly’ attacks

    August 3, 2024
  • 35 Democrats vote with GOP to block Biden rule allowing Newsom’s gas car ban

    May 1, 2025
  • Stellar and Bitcoin Cash: Stellar is trying a new recovery

    August 29, 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

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

    December 4, 2024
  • 3

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

    July 19, 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 (5,319)
  • Investing (634)
  • Stock (841)

Latest Posts

  • Oil and natural gas: oil rose to the weekly open price

    July 26, 2024
  • RGTI, IONQ, QBTS plunge on Nvidia CEO Huang’s comments: should you buy the dip?

    January 9, 2025
  • Project 2025 leader steps down amid criticism from Trump

    July 30, 2024

Recent Posts

  • Trump’s Playbook: How Putin outsmarted 4 US presidents, then was outplayed by ‘The Donald’

    November 14, 2024
  • ‘Polarizing’ way of picking party nominees targeted in ballot questions in these 6 states

    October 23, 2024
  • Barrick Gold outperforms in Q2: Is it a buy with gold near record highs?

    August 12, 2024

Editor’s Pick

  • Robofund Review

    August 27, 2024
  • What’s Turo? The ‘Airbnb of cars’ was used in New Orleans and Las Vegas incidents

    January 3, 2025
  • Defense Department workers no longer required to submit DOGE’s weekly production reports

    May 28, 2025
  • 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