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

Trump’s $9 billion clawback passes first Senate test, while more hurdles await

by July 16, 2025
written by July 16, 2025

President Donald Trump’s clawback of billions in funding for foreign aid and public broadcasting narrowly passed through its first hurdle in the Senate, but it still faces a rocky road ahead with dissent among the Senate GOP ranks.

Senate GOP leaders hoped that an agreement to carve out $400 million in global HIV and AIDS prevention funding will get some of the holdouts on board. However, doing so shrank the expected cuts from $9.4 billion to $9 billion.

But a trio of Senate Republicans joined with all Senate Democrats to vote against advancing the bill from the Senate Appropriations Committee, which required Vice President JD Vance to cast the deciding vote. 

Trump’s rescissions package would yank bank congressionally approved funding for foreign aid programs and public broadcasting. But some Senate Republicans have sounded the alarm and want changes made to the bill before it reaches the finish line.

The bill that advanced out of committee Tuesday includes just shy of $8 billion in cuts 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’ successful test vote comes after huddling with Office of Management and Budget Director Russ Vought, who worked to shore up support and apply pressure from the White House to get the ball rolling on the bill.

‘We’re fine with adjustments,’ Vought said. ‘This is still a great package, $9 billion, [it’s] substantially the same package, and the Senate has to work its will.’

While concerns were still raised about other aspects of the spending cuts package during the closed-door meeting, Senate Majority Leader John Thune, R-S.D., believed that carving out the cuts to Bush-era President’s Emergency Plan for AIDS Relief (PEPFAR) helped ease concerns among lawmakers.

But the changes didn’t sway all Senate Republicans. Sen. Lisa Murkowski, R-Alaska, bluntly said ‘no’ when asked if the PEPFAR carveout helped gain her support and argued, ‘I’d like to do some legislating.’ 

‘What a crazy thing, what a crazy thing,’ she said. ‘What have we been doing around here? We did a reconciliation bill. We’re doing a rescissions bill. We’re doing nominations. Nominations are important, but let’s, like, legislate.’

And Sen. Susan Collins, R-Maine, said she liked the changes but ultimately decided to vote against advancing the bill through its first hurdle.

Sen. Mitch McConnell, R-Ky., also joined in to vote against the bill. Fox News Digital reached out to his office for a statement on his decision to vote against the package. 

It now moves to yet another procedural vote, which, if successful, will open up 10 hours of total debate time on the bill and eventually set the stage for a vote-a-rama, where lawmakers on either side of the aisle can offer an unlimited number of amendments to the package.

But, House Speaker Mike Johnson, R-La., made clear that he would prefer the Senate not make any changes to the bill.

However, that request already fell on deaf ears — as it did during the budget reconciliation process that unfolded in the upper chamber last month.

Those demands already have fiscal hawks in the House grumbling, but like the budget reconciliation process before it, an amended rescissions package will likely glide through the House GOP and onto Trump’s desk. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
National security experts raise concerns after Microsoft program exposed as possible avenue for Chinese spying
next post
Senate GOP blows through 2nd hurdle of the night, teeing up Trump’s clawback bill for hourslong debate

related articles

Loyal Jill Biden aide’s deposition date comes with...

July 16, 2025

‘It’s sort of scary’: Officials flag surprising revelations...

July 16, 2025

Senate GOP blows through 2nd hurdle of the...

July 16, 2025

Huckabee demands Israel ‘aggressively investigate’ murder of Palestinian-American...

July 16, 2025

National security experts raise concerns after Microsoft program...

July 16, 2025

Democrats capitalize on GOP Jeffrey Epstein fallout with...

July 15, 2025

House GOP subpoenas Biden aide to testify about...

July 15, 2025

Senate GOP agree to strip cuts to HIV,...

July 15, 2025

White House investigating Biden use of autopen in...

July 15, 2025

Israel slams UN for ignoring aid already in...

July 15, 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 camp says Dem rhetoric ‘directly to blame’ for past assassination attempts

    October 24, 2024
  • CAC 40, DAX lead gains as European markets edge higher on Friday

    December 27, 2024
  • Trump lands key Tulsi Gabbard confirmation following uphill Senate battle

    February 12, 2025
  • Days before Trump halted funding, an ex-Israeli hostage was held at UNRWA school in Gaza, she reveals

    February 9, 2025
  • People in Gaza are thanking Trump for aid, leader of US-backed group says

    June 12, 2025

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

    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

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,370)
  • Investing (634)
  • Stock (843)

Latest Posts

  • Trump adds RFK Jr., Tulsi Gabbard to his transition team as he recruits supporters ‘across partisan lines’

    August 27, 2024
  • Why orange juice is so expensive

    August 1, 2024
  • Biden to meet with national security team ahead of anticipated Iranian attack against Israel

    August 5, 2024

Recent Posts

  • Dogecoin and Shiba Inu: Doge is in a sideways consolidation

    September 5, 2024
  • Trump-backed plan to avert shutdown heads for House vote

    March 11, 2025
  • Google says U.S. is facing a power capacity crisis in AI race against China

    February 12, 2025

Editor’s Pick

  • Graham asks 51 intel officials on Hunter laptop letter if they’d still sign it now amid threats to clearances

    November 19, 2024
  • SafeMoon continues to move under moving average pressure

    August 8, 2024
  • Trump thanks Jeb Bush for strong praise of Iran strike: ‘Very much appreciated!’

    June 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