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

Still a no: Rand Paul says $5T debt increase in ‘Big, Beautiful Bill’ a deal-breaker

by June 3, 2025
written by June 3, 2025
NEWYou can now listen to Fox News articles!

Sen. Rand Paul, R-Ky., said the debt limit increase included in the One Big Beautiful Bill Act is still a deal-breaker for him, saying it goes against conservative values, despite discussions with President Donald Trump about his concerns. 

Paul told reporters on Monday that the bill will increase the debt ceiling by $5 trillion, the largest debt increase in the U.S.

‘We have never raised the debt ceiling without actually meeting that target,’ he said. ‘So you can say it doesn’t directly add to the debt, but if you increase the ceiling $5 trillion, you’ll meet that. And what it does is it puts it off the back-burner. And then we won’t discuss it for a year or two.’

‘So I think it’s a terrible idea to do this,’ he added. 

Paul said he spoke with Trump about his concerns over the legislation during a ‘lengthy discussion,’ but that Trump ‘did most of the talking.’ 

‘I’ve told him I can’t support the bill if they’re together,’ Paul said. ‘If they were to separate out and take the, debt ceiling off that I very much could consider the rest of the bill.’

Paul noted that Congress voted to continue spending to avert a government shutdown. 

‘During the campaign, Republicans said they were against Bidennomics and Bidenflation and Biden spending. When March, we renewed the Biden’s spending levels,’ Paul said. ‘So the spending levels we live under now are Biden-GOP spending levels. They’ve all come into agreement.’

‘But come the end of September, when our fiscal year ends, the deficit is going to be $2.2 trillion. That’s just not conservative,’ he added. ‘They’re borrowing 5 trillion. That means they’re anticipating the following year being over 2 trillion as well. So it’s just not a conservative thing to do.’

Over the weekend, Trump warned Paul would be ‘playing right into the hands of the Democrats’ if he votes against the bill.

‘If Senator Rand Paul votes against our Great, Big, Beautiful Bill, he is voting for, along with the Radical Left Democrats, a 68% Tax Increase and, perhaps even more importantly, a first time ever default on U.S. Debt,’ he wrote on his Truth Social platform. 

‘Rand will be playing right into the hands of the Democrats, and the GREAT people of Kentucky will never forgive him! The GROWTH we are experiencing, plus some cost-cutting later on, will solve ALL problems. America will be greater than ever before!’ he added. 

Next week, Senate Republicans will get their turn to go through the bill and are eying changes that could be a hard sell for House Speaker Mike Johnson, R-La.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
LIZ PEEK: Trump must stay strong, US reliance on Chinese minerals and drugs puts Americans at risk
next post
FBI calls for public tips on children hurt in ‘gender-affirming’ surgeries

related articles

Trump orders Attorney General to investigate Biden’s autopen...

June 5, 2025

Elon Musk warpath against Trump’s ‘big, beautiful bill’...

June 4, 2025

Durbin obstruction threat chills Senate as Trump nominees...

June 4, 2025

Elon Musk posts ‘Kill Bill’ meme in latest...

June 4, 2025

Elon Musk posts ‘Kill Bill’ meme in latest...

June 4, 2025

Johnson says Republicans ‘don’t have time’ to craft...

June 4, 2025

Speaker Johnson surprised by Musk’s criticism of ‘big,...

June 4, 2025

There’s a way to aid Gaza. I know,...

June 4, 2025

Comer widens Biden ‘cover-up’ probe, seeks interviews with...

June 4, 2025

Iran’s Khamenei rejects US zero uranium enrichment demand...

June 4, 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

  • China’s influence on Panama Canal poses ‘acute risks to US national security,’ Sen. Cruz warns

    January 28, 2025
  • Ratcliffe shrugs off concerns about potential threat of fired agents armed with CIA’s secrets

    February 26, 2025
  • RFK denies report that he asked for position in Harris cabinet

    August 16, 2024
  • Long BDX: bullish reversal from $220 support amid improving fundamentals and potential upside breakout signals

    December 4, 2024
  • Speaker Johnson rips ‘lack of leadership’ in Biden admin’s Helene response: ‘alarmed and disappointed’

    October 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

    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 (4,810)
  • Investing (624)
  • Stock (786)

Latest Posts

  • Election night winners and losers: 2024 edition

    November 6, 2024
  • Top gainers & losers today: Nifty, Sensex jump 2%, metals in the spotlight

    April 11, 2025
  • Graham urges Biden, Israel to take on Iran after hostages killed, calls Harris foreign policy ‘wrecking ball’

    September 1, 2024

Recent Posts

  • US confirms third round of nuclear talks with Iran after ‘very good progress’

    April 21, 2025
  • Tlaib ally mourns assassination of top Hamas leader: ‘His martyrdom is not in vain’

    July 31, 2024
  • Lawyer defending Google in DOJ case prepping Harris for debate is ‘conflict of interest,’ Jordan investigates

    September 10, 2024

Editor’s Pick

  • Obama-nominated judge allows lawsuit targeting Musk’s role with DOGE to proceed, drops claims against Trump

    May 28, 2025
  • Trump temporarily thwarted in DOGE mission to end USAID

    February 13, 2025
  • Trump officials list 5 weekly accomplishments ahead of Musk midnight deadline

    February 25, 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