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

SCOOP: Lindsey Graham amendment signals GOP budget breakthrough, sets stage for Trump agenda

by April 2, 2025
written by April 2, 2025

: Senate Committee on the Budget Chairman Lindsey Graham, R-S.C., is unveiling on Wednesday the upper chamber’s changes to a House-passed budget resolution in a breakthrough for getting President Donald Trump’s key agenda items through Congress. 

With the Senate’s latest action, Republicans’ much-anticipated budget reconciliation resolution is one step closer to passage, in what would be a huge win for Trump and the GOP. 

The Senate amendment includes raising the debt ceiling in the key budget process by no more than $5 trillion. This has been a request of Trump since before he took office the second time. The date estimated for a potential default has been inching closer, presenting a looming problem for Republicans in the Senate.

Republicans who argued to include the debt ceiling in reconciliation said it would prevent Democrats from having leverage down the road, when a vote to raise it would need 60 votes, forcing them to lobby Democrats for support. 

The amendment also stipulates that the provision to raise the debt ceiling can be voted on separate from the rest of the resolution, in the case that the ‘X Date,’ when the Treasury is unable to meet its financial obligations without intervention, is set to arrive sooner than Republicans are prepared to vote on the entire reconciliation package. 

Reconciliation notably lowers the vote threshold in the Senate from 60 to 51, allowing Republicans to move legislation through without Democrat support. This is viewed as a key tool for the Republican trifecta in Washington to get Trump’s policies passed. 

The Senate amendment would further make the House’s proposed extension of the Trump tax cuts permanent, doing so by using a current policy baseline that allows budget projections to be made in what some view as a more practical and realistic way. 

Senate Republicans also avoid needing the parliamentarian to make a ruling, which could have presented issues. They are relying on the authority given by statute to the budget chairman to set the current policy baseline.

The amendment’s release comes after countless meetings between key parties to the budget process, including Trump, House leaders, Senate leaders and Treasury Secretary Scott Bessent. 

On Wednesday morning, Trump met with Senate Majority Leader John Thune, R-S.D., and Senate Budget Committee Republicans ahead of the amendment text coming out. 

The White House discussion was meant to be a final check-in to make sure all parties were on the same page, a source familiar told Fox News Digital.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
California man to plead guilty to attempted assassination of Justice Kavanaugh
next post
Vance’s active VP role is a historical rarity, ‘huge asset’ to US, says top GOP ally

related articles

Examining the next threat from Communist China: Our...

October 23, 2025

Sparks fly as Cuomo, Mamdani tear into each...

October 23, 2025

Trump meets NATO’s Rutte amid canceled Putin meeting:...

October 22, 2025

Schumer blocks 12th GOP bid to reopen government...

October 22, 2025

FLASHBACK: Ted Cruz predicts ballooning Obamacare subsidies now...

October 22, 2025

DAVID MARCUS: 5 things New York Republicans need...

October 22, 2025

American missionary kidnapped in Niger by suspected Islamist...

October 22, 2025

Jack Smith defends subpoenaing Republican senators’ phone records:...

October 22, 2025

Trump meets NATO’s Rutte as Ukraine peace talks...

October 22, 2025

Trump suggests DOJ owes him money for past...

October 22, 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

  • Is a Chinese chain’s blood orange cold brew the future of coffee in America?

    July 7, 2025
  • With Trump’s backing Israel pushes deeper into Gaza as pressure builds for hostage deal

    April 12, 2025
  • Short EXR: Extra Space Storage Faces Rejection at Key Levels, Bearish Momentum Targets $143 Support

    March 3, 2025
  • Dems eerily silent on Trump sentencing as they prepare for Republican trifecta in Washington

    January 10, 2025
  • Trump taunts Trudeau with new title as he continues tariffs push: ‘Great State of Canada’

    December 10, 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

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

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

    December 4, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,497)
  • Investing (634)
  • Stock (941)

Latest Posts

  • DAVID MARCUS: Trump’s base trusts him to play strong hand in Iran

    June 18, 2025
  • Supreme Court must freeze the climate extortion of our energy industry

    October 1, 2025
  • Paramount ends DEI policies, cites Trump executive order

    February 28, 2025

Recent Posts

  • Scientists expect major ‘medical breakthroughs’ despite Trump’s cap on NIH research funding

    February 12, 2025
  • YARDEN GONEN: Thank you, President Trump, for rescuing my sister from Hamas

    January 29, 2025
  • KJP denies that Kamala Harris has had trouble distinguishing herself from Biden: ‘I’ve not seen that’

    October 22, 2024

Editor’s Pick

  • Pentagon’s week of power struggles: Leak fallout and shouting matches hit Hegseth’s inner circle

    April 18, 2025
  • IDF strikes Hezbollah terror targets in Lebanon after they were seen preparing to fire toward Israel

    August 25, 2024
  • ‘Sesame Street in Iraq’: USAID’s ‘wasteful and dangerous’ spending exposed by senator

    February 5, 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