• 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

Biden camp skipped Super Bowl interview amid Robert...

August 8, 2025

Steve Bannon has two-word answer to dismiss 2028...

August 7, 2025

Biden camp skipped Super Bowl interview amid Robert...

August 7, 2025

$93 million in aid to fight malnutrition headed...

August 7, 2025

Who is Anita Dunn? The Biden confidante who...

August 7, 2025

Republican senator claims RFK Jr. mRNA vaccine decision...

August 7, 2025

Veteran Biden insider Anita Dunn appears in House...

August 7, 2025

Veteran Biden insider Anita Dunn to appear in...

August 7, 2025

Trump-Putin meeting agreed upon ‘in principle,’ Kremlin aide...

August 7, 2025

Junk food banned from SNAP benefits in 6...

August 7, 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

  • Trump’s world leaders club: who’s in and who’s looking to salvage ties

    January 26, 2025
  • GOP senator demands FBI probe Biden-era vetting process for Boulder terror suspect: ‘Under attack’

    June 2, 2025
  • Pence laments pro-life principles ‘fell short’ at RNC, thanks delegates for ‘noble’ fight

    July 23, 2024
  • The wheels are falling off the Harris-Walz vibe bus

    September 4, 2024
  • ‘Paisans for Kamala’ event features De Niro, Pelosi blasting Trump on immigration

    September 13, 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 (5,660)
  • Investing (634)
  • Stock (876)

Latest Posts

  • Ocado Share Price and It’s Financial Overview

    August 9, 2024
  • Former Ozy Media head sentenced to nearly 10 years in prison

    December 17, 2024
  • Ticketmaster offers four tickets for $80 to selected shows amid summer concert slowdown

    July 19, 2024

Recent Posts

  • State Department to begin mass layoffs of about 1,800 employees in coming days

    July 11, 2025
  • ChatGPT for Trading: Tips & Tricks

    August 6, 2024
  • Newsom rails against Trump’s 25% tariff plan during southern border visit: ‘It’s a betrayal’

    December 6, 2024

Editor’s Pick

  • Warren Buffett: Strategic Moves Amid Market Shifts

    August 20, 2024
  • With 3 days until voting starts, ‘election season’ kicks off sooner than you think

    September 3, 2024
  • Walz faces backlash after defending Obama-era mandate repealed by Trump: ‘Massive tax penalty’

    October 2, 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