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

Schumer forces name change for ‘big, beautiful bill’ moments before it passes

by July 1, 2025
written by July 1, 2025

Senate Minority Leader Chuck Schumer, D-N.Y., forced a name change for President Donald Trump’s ‘big, beautiful bill’ moments before the legislative package passed the upper chamber of Congress. 

While Sen. Pete Ricketts, R-Neb., was chairing the Senate, Schumer raised a point of order against lines three to five on the first page of the legislative proposal that said, ‘SHORT TITLE. This Act may be cited as the ‘’One Big Beautiful Bill Act.” 

Schumer argued the title of the bill violated Section 313 B1A of the Congressional Budget Act of 1974, or what’s commonly referred to as the ‘Byrd Rule.’ 

Ricketts said the point of order was sustained, meaning that text will be stricken from the bill. 

‘This is not a ‘big, beautiful bill’ at all. That’s why I moved down the floor to strike the title. It is now called ‘the act.’ That’s what it’s called. But it is really the ‘big ugly betrayal,’ and the American people know it,’ Schumer told reporters. ‘This vote will haunt our Republican colleagues for years to come. Because of this bill, tens of millions will lose health insurance. Millions of jobs will disappear. People will get sick and die, kids will go hungry and the debt will explode to levels we have never seen.

‘This bill is so irredeemable that one Republican literally chose to retire rather than vote yes and decimate his own state,’ Schumer added, referring to Sen. Thom Tills, R-N.C.

Asked whether he hoped to irritate Trump by changing the name of the bill, Schumer responded, ‘I didn’t even think of President Trump. I thought of the truth. This is not a beautiful bill. Anyone who loses their health insurance doesn’t think it’s beautiful. Any worker in the clean energy industry who loses their job does not think it’s beautiful. Any mom who can’t feed her kid on $5 a day doesn’t think it’s beautiful. We wanted the American people to know the truth.’

The Senate narrowly passed Trump’s $3.3 trillion spending package by a 51-50 vote on Tuesday after an all-night voting session. 

Vice President JD Vance was the tiebreaking vote. No Senate Democrats crossed the aisle to support the legislation. Tillis and Republican senators Rand Paul of Kentucky and Susan Collins of Maine opposed the megabill. 

Democrats condemned the bill’s passage, including Schumer’s fellow New Yorker, Rep. Alexandria Ocasio-Cortez, D-N.Y. She has not confirmed a primary run. 

‘JD Vance was the deciding vote to cut Medicaid across the country,’ the progressive ‘Squad’ member wrote on X. ‘An absolute and utter betrayal of working families.’ 

Vance championed the bill as securing ‘massive tax cuts, especially no tax on tips and overtime. And most importantly, big money for border security.’ 

‘This is a big win for the American people,’ the vice president wrote. 

He also approved an assessment by longtime GOP operative Roger Stone.

‘The nonpartisan Congressional Budget Office projects Trump’s reconciliation bill would add $3.3 trillion to the national debt over the next decade by extending the president’s tax cuts that he first implemented in 2017. In fact, federal revenues spiked after the 2017 Trump tax cuts just like they did after Reagan and JFK implemented across-the-board tax cuts,’ Stone wrote.

‘The deficit is caused by excess spending which the administration is addressing in a series of recision bills. PS the CBO is always wrong.’ 

Despite initial reservations, Sen. Lisa Murkowski, R-Alaska, voted in favor of the legislation after Republicans added Alaska-specific provisions to curry her favor. 

The bill now heads back to the House for final approval. Congress must reconcile differences between the Senate and House versions of the bill, namely on Medicaid. Republican leaders are aiming to get it to the president’s desk by Friday, July 4.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
‘Only the beginning’: Trump admin releases data showing federal workforce slashed since January
next post
Lululemon sues Costco over selling alleged dupes

related articles

GOP senator suggests Fed chair Powell resign now...

January 14, 2026

Rand Paul says GOP colleagues ‘don’t give a...

January 14, 2026

Iran regime opened fire with live ammunition on...

January 14, 2026

Secret room to be built at Chinese embassy...

January 14, 2026

Republican senator condemns alleged Syrian army abuses as...

January 14, 2026

Looming war powers Senate vote ramps up pressure...

January 14, 2026

Iranian student shot in head at close range...

January 14, 2026

Trump rips into GOP defectors as ‘real losers’...

January 13, 2026

Trump to cut federal payments to sanctuary cities...

January 13, 2026

Deepfake porn crackdown passes in Senate to allow...

January 13, 2026
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

  • DOGE, EPA team up to claw back $67 million in ‘environmental justice’ grants

    February 24, 2025
  • Biden’s past comments about MAGA Republicans come back to haunt him as White House spins ‘garbage’ remarks

    October 31, 2024
  • Trump admin targets anti-Christian violence with new visa crackdown policy following Nigeria attacks

    December 3, 2025
  • USDCAD and USDCNH: USDCAD stopped at 1.37200

    August 8, 2024
  • House Republicans introduce bill to repurchase Panama Canal after Trump raises concerns of Chinese control

    January 9, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

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

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,451)
  • Investing (814)
  • Stock (965)

Latest Posts

  • Susan Collins to write in Nikki Haley for president, bucking Trump

    July 13, 2024
  • Disney tries to silence grieving husband and learns not all news is good news

    August 26, 2024
  • Trump-backed plan to avert shutdown heads for House vote

    March 11, 2025

Recent Posts

  • What Trump and an LA dive bar share is what Kamala Harris desperately needs

    August 3, 2024
  • House GOP celebrates ‘big win’ after preventing creation of new global advertising coalition

    October 24, 2024
  • Japan poised for first female prime minister after ruling party elects Sanae Takaichi as new leader

    October 4, 2025

Editor’s Pick

  • Long ALGM: Rounding Bottom Formation and Strong Fundamentals Signal Bullish Breakout

    January 6, 2025
  • Taiwan eyes $15B military package in signal to Trump administration it is ‘serious’ on defense: report

    November 11, 2024
  • Reddit is attracting ad dollars: will RDDT shares rally further in 2025?

    May 3, 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