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

Leader Thune backs Senate GOP bid to speed past House on Trump budget plan

by February 6, 2025
written by February 6, 2025

: Senate Majority Leader John Thune, R-S.D., came out in support of a GOP effort in the upper chamber to get moving on legislation to advance President Donald Trump’s agenda.

It would be a significant departure from current plans for the House to pass a bill first, amid infighting by House Republicans over spending levels.

‘I appreciate Chairman Graham’s leadership in crafting a budget resolution that will unlock the ability to pass a reconciliation bill to secure the border, rebuild our military, and deliver a much-needed down payment on energy security,’ Thune told Fox News Digital in an exclusive statement. 

‘I am supportive of Chairman Graham’s efforts to advance the president’s priorities in the Senate, and I look forward to continuing our conversations with our House colleagues,’ he said. 

Earlier on Wednesday, ahead of a lunch with key Republicans, Senate Budget Committee Chairman Lindsey Graham, R-S.C., unveiled his plan to advance the bill through a key procedural hurdle next week. The House planned to move a bill this week, but leaders were forced to punt after conservatives balked at what they saw as a low threshold for spending cuts to offset the cost of new funding to implement Republican border and defense policies.

Now, with Thune’s blessing, Graham’s plan is primed to quickly maneuver through the Senate, getting a significant advantage over any competing House GOP efforts. 

Republicans in Washington, D.C., are preparing to use the budget reconciliation process to achieve a wide range of Trump proposals from border security to eliminating taxes on tips and overtime pay.

The reconciliaiton process lowers the threshold to advance a bill in the Senate from 60 votes to just 51. And with a 53-vote majority in the upper chamber, Republicans are poised to push policies through with only support from the GOP conference.

At the same time, with razor-thin margins in the House and Senate, the party can afford very few defectors. 

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

The budget that is headed to the Senate’s committee would be part of a two-pronged approach, with the first bill including Trump’s priorities for border security, fossil fuel energy and national defense.

This plan would see a second bill focusing on extending Trump’s tax policies from the Tax Cuts and Jobs Act (TCJA) later in the year. 

In a statement, Graham confirmed his plan to move forward on the two-bill plan. His office advised that next week there would indeed be a committee vote on a Fiscal Year 2025 budget resolution, which ‘will be the blueprint that unlocks the pathway forward for a fully paid for reconciliation bill to secure the border, bolster our military and increase American energy independence.’

‘To those who believe that Republicans should fulfill their promises on border security, mass deportation of criminal illegal aliens: I agree,’ Graham said. 

‘That is why the Senate Budget Committee will be moving forward next week to give the Trump Administration’s Border Czar, Tom Homan, the money he needs to finish the wall, hire ICE agents to deport criminal illegal immigrants, and create more detention beds so that we do not release more dangerous people into the country. This will be the most transformational border security bill in the history of our country. It’s time to act,’ he continued. 

While many Senate Republicans have espoused a preference for two bills to be passed this year through the key budget reconciliation process, they have faced significant opposition in the House, where the House Ways & Means Committee and House GOP leaders have pushed for one large bill with all of Trump’s priorities. 

House leaders had intended to make the first move in the process. But the Senate passing their own bill first could essentially force the lower chamber to contend with whatever product comes from the other side of Capitol Hill, instead of dictating their starting point themselves. 

Trump has previously said he preferred one large bill, but avoided demanding it. Rather, the president has left it with Congress, urging them to employ whichever strategy can be carried out quickest.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Who is Samantha Power? Meet the Biden-era USAID leader facing backlash amid Musk’s DOGE crackdown
next post
Panama eliminates charge fees for U.S. government vessels to use the canal

related articles

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

October 2, 2025

The agency staff Vought might recommend cutting and...

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

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

October 2, 2025

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

October 2, 2025

Trump must triple severely outdated nuke arsenal to...

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

  • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

    June 6, 2025
  • Boeing appoints aerospace veteran Kelly Ortberg as new CEO

    July 31, 2024
  • 4 signs that show Trump’s foreign policy remains staunchly anti-Russian

    March 11, 2025
  • The S&P 500 and Nasdaq retreated to new lows yesterday

    October 2, 2024
  • Bold prediction: What the Senate GOP campaign chair says about winning back the majority

    September 8, 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

  • CFPB expands oversight of digital payments services including Apple Pay and Cash App

    November 22, 2024
  • Graham warns Iran could ‘sprint to a nuclear weapon’ before election, blames Biden ‘failure’

    July 28, 2024
  • USDCHF and USDJPY: USDJPY makes a bearish move to 157.42

    July 12, 2024

Recent Posts

  • KJP speaks for first time from White House since Biden dropped out of presidential race: ‘Very personal’

    July 25, 2024
  • First lady Melania Trump’s new official portrait revealed

    January 27, 2025
  • Ocado Share Price and It’s Financial Overview

    August 9, 2024

Editor’s Pick

  • Bill Barr: Prosecutors should ‘do the right thing’ and dismiss Trump cases: ‘Respect the people’s decision’

    November 6, 2024
  • New York Democrat rips ‘far left’ for Trump victory: ‘Ivory-towered nonsense’

    November 7, 2024
  • Kamala Harris should prosecute Big Pharma, not bail it out

    October 7, 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