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

Senate marches toward passing Trump’s $9B clawback bill after dramatic late-night votes

by July 16, 2025
written by July 16, 2025

Late-night dramatics and surprise defections capped off the push to advance President Donald Trump’s multibillion-dollar clawback package through procedural hurdles, but now lawmakers are nearing the finish line.

Lawmakers cruised through hours of debate on Trump’s $9 billion rescissions package Wednesday morning and are now entering into another vote-a-rama, where both sides of the aisle can offer an unlimited number of amendments to the package. 

At stake are clawbacks that would yank back congressionally approved funding for foreign aid programs and public broadcasting, which Senate Democrats, and some Republicans, have admonished.

The president’s rescissions package proposed cutting just shy of $8 billion from the U.S. Agency for International Development (USAID), and over $1 billion from the Corporation for Public Broadcasting (CPB), the government-backed funding arm for NPR and PBS.

Republicans have broadly lauded the targets, arguing that they are scraping back funding for ‘woke’ programs that do little more than to gird the government’s spending addiction.

Like the preceding debate, Senate Democrats are expected to push numerous amendments intended to derail the legislation that are unlikely to succeed, but will drag out the process for several hours. 

Ahead of the vote-a-rama, Senate Minority Leader Chuck Schumer, D-N.Y., said Democrats would highlight several areas of the bill that cut funding through the amendment process, and accused Republicans of having ‘no idea how the [Office of Management and Budget] plans to apply the cuts.’ 

‘Senate Democrats, however, know that our job in this chamber is to govern, is to legislate, not simply eat dirt from the executive and ask for more, which is unfortunately what my colleagues on the other side of the aisle are doing,’ he said. 

Senate Majority Whip John Barrasso, R-Wyo., fired back that Senate Democrats were doing nothing more than defending their penchant for wasteful government spending. 

‘I’ve heard Democrats fearmonger about this bill. Let me set the record straight. Republicans are protecting emergency alert systems here at home,’ he said. ‘Democrats are protecting and promoting electric buses in Africa. In November, Americans rejected wasteful Washington spending. This week, Republicans are delivering on that mandate.’

Before the vote, Senate Republican leaders agreed to carve out $400 million in cuts in global HIV and AIDS prevention funding that leaders hoped would win over holdouts. But it didn’t work for all.

A trio of Senate Republicans defected – Sens. Lisa Murkowski, R-Alaska, Susan Collins, R-Maine, and Mitch McConnell, R-Ky. – forcing Vice President JD Vance to cast his sixth and seventh tie-breaking votes of the year to keep the package alive.

He will likely be needed again later Wednesday to pass the bill, once lawmakers complete another vote-a-rama, where both sides of the aisle can offer unlimited amendments to the bill. 

Murkowski argued on the Senate floor that the rescissions package was effectively usurping Congress’ duty to legislate.

‘We’re lawmakers, we should be legislating,’ she said. ‘What we’re getting now is a direction from the White House and being told, ‘This is the priority we want you to execute on it. We’ll be back with you with another round.’ I don’t accept that.’

Collins contended that lawmakers actually knew little about how or where the clawbacks would come from, and accused the Office of Management and Budget of not painting a clearer picture on the issue.

‘I recognize the need to reduce excessive spending and I have supported rescissions in our appropriations bills many times, including the 70 rescissions that were included in the year-long funding bill that we are currently operating under,’ she said in a statement. ‘But to carry out our constitutional responsibility, we should know exactly what programs are affected and the consequences of rescissions.’

McConnell similarly blamed the Office of Management and Budget, but noted that he might not be against the package when it came to a final vote. 

‘I’m not going to predict where I am at the end, but I want to make it clear, I don’t have any problem with reducing spending,’ he said. ‘We’re talking about not knowing that they would like a blank check, is what they would like. I don’t think that’s appropriate. I think they ought to make the case.’

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Japan calls axis of China, Russia, North Korea the ‘gravest threat’ to global order since WWII
next post
Republicans fixated on Epstein are getting ‘duped’ by Democrats, Trump insists

related articles

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

August 7, 2025

Junk food banned from SNAP benefits in 6...

August 7, 2025

DOJ turns to Gabbard’s office for next step...

August 6, 2025

Senate hopefuls jostle for high-stakes seat after Blackburn...

August 6, 2025

Violent attack reignites BOWSER Act debate as Trump...

August 6, 2025

New Romanian law may have averted NATO clash...

August 6, 2025

‘Should have been prepared’: GOP senators fight for...

August 6, 2025

Virginia Dem gubernatorial candidate and ex-CIA officer took...

August 6, 2025

Vance, Bondi, Patel to huddle at VP residence...

August 6, 2025

Trump blasts Schumer, Democrats as ‘country-hating thugs’ amid...

August 6, 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

  • Israeli officials object to expected UN Security Council ceasefire resolution

    June 4, 2025
  • Israel reimposes blockade of northern Gaza, including capital Gaza City

    March 20, 2025
  • From department store to ice rink: How shuttering Macy’s will spur a shopping mall rebrand

    August 13, 2024
  • Bitcoin remains under bearish pressure on Tuesday

    October 2, 2024
  • EURUSD and GBPUSD: EURUSD on new July high up to 1.09000

    July 12, 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 (5,652)
  • Investing (634)
  • Stock (874)

Latest Posts

  • Asian markets mixed on Friday: Hang Seng outperforms with over 2% surge

    February 14, 2025
  • Palantir shares surge 6% following strategic partnership with Microsoft

    August 8, 2024
  • Trump tax cut plan hits turbulence ahead of House vote as Republicans split

    February 24, 2025

Recent Posts

  • 3 political winners for 2024

    December 28, 2024
  • Apollo to acquire UK parcel delivery company Evri for £2.7 billion

    July 25, 2024
  • DNC’s hellish abortion rituals celebrate death, the party’s true agenda

    August 21, 2024

Editor’s Pick

  • Elon Musk may abandon OpenAI bid if nonprofit status stays, attorneys say

    February 14, 2025
  • New bill would mandate gyms to carry equipment for Americans with disabilities

    December 26, 2024
  • ‘Important opportunity’: DNC chair candidates reveal how they will rebound after disastrous 2024 results

    February 1, 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