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

Senate GOP pushes Trump budget framework through after marathon vote series

by April 5, 2025
written by April 5, 2025

The Senate approved changes to the House’s budget resolution on Saturday after an hourslong series of amendment votes during which Democrats sought to put Republicans on record on issues like tariffs and the Department of Government Efficiency (DOGE). 

It passed mostly along party lines in a 51 to 48 vote.

The amended framework would raise the debt ceiling by up to $5 trillion within the reconciliation process, taking future leverage away from Senate Democrats. It would also make President Trump’s 2017 tax cuts permanent by using what’s called a current policy baseline that Budget Committee Chairman Lindsey Graham, R-S.C., decides.

The scoring tool essentially means the cost of making Trump’s tax cuts permanent would be factored at $0 because it extends current policy, rather than counting it as new dollars being added to the federal deficit.

Budget reconciliation lowers the vote threshold in the Senate from 60 to 51, which lets Republicans approve certain priorities with no Democrat support. 

Washington’s Republican trifecta thus sees reconciliation as a key tool for delivering on Trump agenda items. 

The Senate’s Friday night ‘vote-a-rama’ was triggered by the chamber agreeing to a motion to proceed to the budget resolution amendment on Thursday night. Nearly a day of debate followed before the vote series was initiated.

During this type of voting series, senators of both parties can introduce an unlimited number of amendments, and many get floor votes.

The budget would address border funding for the Trump administration as well as extend the hallmark tax cuts Trump passed in 2017. 

Initially, there was stark disagreement between Republicans in the House and Senate on how to organize a budget reconciliation resolution. The House GOP leaders preferred one bill with both the border and taxes included, while those in the Senate wanted to have two separate resolutions for them. 

But the House’s approach ultimately won out, with Trump supporting their plan. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Sec Hegseth to visit Panama after Trump’s demands for canal’s return
next post
South Korea presidential ouster part of Chinese strategy to ‘expand its regional influence,’ expert says

related articles

JONATHAN TURLEY: Biden not the only loser revealed...

May 17, 2025

HHS SEC ROBERT F KENNEDY JR: American patients...

May 17, 2025

Biden jokes ‘I’m a young man’ during interview...

May 17, 2025

New Hur interview tapes detailing Mongolia trip shed...

May 17, 2025

FLASHBACK: Biden shrugs off Hur report when pressed...

May 17, 2025

Biden fails to remember when son Beau died...

May 17, 2025

Biden repeatedly says ‘I don’t remember’ regarding classified...

May 17, 2025

Biden’s autopen use questioned amid released audio from...

May 17, 2025

Biden admits keeping classified Afghanistan document ‘for posterity’s...

May 17, 2025

Biden struggles with words, key memories in leaked...

May 17, 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

  • ‘Rot and decay’: Rep Hank Johnson argues SCOTUS term limits are path forward for removing ‘corrupt’ justices

    October 18, 2024
  • Trump guest shares special message to president after address to Congress

    March 6, 2025
  • The dollar index was positive for the second day in a row

    July 19, 2024
  • London Stock Market: System Crash and Political Speculations

    July 19, 2024
  • Analysts back Trump’s USAID cuts in Africa, say increased trade will better benefit continent’s poor

    February 26, 2025

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

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

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

    July 19, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,551)
  • Investing (614)
  • Stock (754)

Latest Posts

  • Super Micro Stock: Company Accused of Accounting Misconduct

    September 17, 2024
  • Trump says he respects Supreme Court’s decision to deny his request to stop sentencing, vows to appeal

    January 10, 2025
  • Rosie O’Donnell flees US after Trump win, won’t return until it’s ’safe for all citizens to have equal rights’

    March 12, 2025

Recent Posts

  • 5 key details in special counsel Jack Smith’s Trump election case filing

    October 3, 2024
  • Shadowy group propped up by Democrat money accused of ‘dirty tricks’ meddling against GOP in key races

    September 19, 2024
  • Delta sues CrowdStrike after widespread IT outage that caused thousands of cancellations

    October 28, 2024

Editor’s Pick

  • Biden repeats debunked claim he traveled 17,000 miles with China’s Xi Jinping

    August 14, 2024
  • Nvidia’s CEO did a Q&A with analysts. What he said and what Wall Street thinks about it.

    March 21, 2025
  • Axed government watchdog says Trump was right to fire him

    March 7, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

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