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

‘Bait and switch’: Schumer warns of bitter funding fight over GOP cuts plan

by July 8, 2025
written by July 8, 2025

Senate Republicans are set to consider a multibillion-dollar package of cuts from the White House, but the top Senate Democrat warned that doing so could have consequences for a later government funding showdown.

Senate Minority Leader Chuck Schumer, D-N.Y., warned on Tuesday that the Senate GOP’s plan to move forward with a $9.4 billion rescissions package would have ‘grave implications’ on Congress, particularly the forthcoming government funding fight in September.

‘Republicans’ passage of this purely partisan proposal would be an affront to the bipartisan appropriations process,’ Schumer wrote in a letter to fellow Senate Democrats.

‘That’s why a number of Senate Republicans know it is absurd for them to expect Democrats to act as business as usual and engage in a bipartisan appropriations process to fund the government, while they concurrently plot to pass a purely partisan rescissions bill to defund those same programs negotiated on a bipartisan basis behind the scenes,’ he continued.

The rescissions package, proposed by the Impoundment Control Act, allows the White House to request that Congress roll back congressionally appropriated funding. Such proposed cuts must be approved by both chambers within 45 days.

This package in particular, which narrowly squeaked through the House by a two-vote margin last month, would claw back $8.3 billion in funding for the U.S. Agency for International Development (USAID), and over $1 billion in cuts to the Corporation for Public Broadcasting (CPB), the government-backed funding arm for NPR and PBS.

The package, informed heavily by the cuts proposed by President Donald Trump’s Department of Government Efficiency, formerly helmed by tech billionaire Elon Musk, would only need to pass a simple majority in the upper chamber to pass.

Musk and DOGE made USAID a primary target of their hunt for waste, fraud and abuse within the federal government, dismantling much of the long-standing organization ahead of the rescission request. 

The impending deadline to fund the government in September will either require the passage of a dozen appropriations bills – something Congress has not done in years – or the need to work with Democrats to crest the 60-vote threshold in the Senate.

And the rescissions package is not wildly popular among Republicans.

Senate Appropriations Chair Susan Collins, R-Maine, said during a hearing on the package late last month that she was concerned about proposed cuts to the President’s Emergency Plan for AIDS Relief (PEPFAR) and the CPB, and warned that cuts to the AIDS and HIV prevention program would be ‘extraordinarily ill-advised and shortsighted.’

Schumer is no stranger to trying to leverage government funding fights to his advantage. Earlier this year, he withheld support for the House GOP-authored government funding extension before ultimately agreeing to the deal.

That same scenario could play out once more come September.

‘This is beyond a bait-and-switch – it is a bait-and-poison-to-kill,’ Schumer said. ‘Senate Republicans must reject this partisan path and instead work with Democrats on a bipartisan appropriations process.’

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
New book exposes Jill Biden’s power grab amid husband’s political demise
next post
Trump dishes on Milley clash over leaving military equipment in Afghanistan: ‘I knew he was an idiot’

related articles

Trump’s apocalyptic Iran warning raises stakes for sweeping...

April 7, 2026

Graham eyes ‘down payment’ on Trump-backed SAVE Act...

April 7, 2026

Democrat whose parents fled Iran moves to oust...

April 7, 2026

Midterm alarm bells: Democrats face steep favorability deficit...

April 7, 2026

American journalist kidnapped in Iraq is set free,...

April 7, 2026

Dem Senate primary erupts in key state as...

April 7, 2026

Trump-backed candidate aims to pad GOP’s fragile House...

April 7, 2026

Ilhan Omar calls Trump an ‘unhinged lunatic,’ urges...

April 7, 2026

White House unleashes on Stacey Abrams in latest...

April 7, 2026

Former Virginia Gov Glenn Youngkin hints at political...

April 7, 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

  • Bipartisan revolt targets Trump’s war powers after massive Iran strikes

    February 28, 2026
  • US readiness plays ‘significant’ role in fending off Iranian attack on Israel

    October 1, 2024
  • A US judge partially blocked Trump’s election integrity order from taking force. Is that legal?

    May 2, 2025
  • American liquor exports hit record high in 2024, driven by tariffs

    April 25, 2025
  • UPS Q2 earnings prove it overpays its drivers, investors flee

    July 23, 2024

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

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,502)
  • Investing (2,155)
  • Stock (1,017)

Latest Posts

  • Tilray secures new cannabis cultivation license in Germany: Is it time to buy TLRY?

    July 22, 2024
  • Willow Bay, Bob Iger to take controlling stake in NWSL’s Angel City FC at a $250 million valuation

    July 17, 2024
  • Rubio meets Saudi Arabian officials ahead of US-Russia talks expected to lay groundwork for Trump-Putin summit

    February 17, 2025

Recent Posts

  • Trump DOJ opens mortgage fraud probe into Eric Swalwell as congressman vows to keep fighting back

    November 13, 2025
  • Biden saying ‘Don’t’ and other threats seemingly fail to deter Iran as more US Mideast bases hit

    August 11, 2024
  • Is Microsoft stock finally cheap enough to buy or still risky to touch?

    April 1, 2026

Editor’s Pick

  • Rep Moulton says fellow Dems ‘privately’ agree with his criticism of party

    November 15, 2024
  • Moderate who unseated ‘Squad’ member Jamaal Bowman says Dem voters want a pro-Israel party

    August 21, 2024
  • An American father’s plea: President Trump, please bring my son and the other hostages home from Gaza

    April 29, 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