• 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

Iran faces August deadline to accept comprehensive nuclear...

July 17, 2025

Republicans fixated on Epstein are getting ‘duped’ by...

July 16, 2025

House Republicans float grilling Joe, Jill Biden as...

July 16, 2025

Senate marches toward passing Trump’s $9B clawback bill...

July 16, 2025

Former DC councilmember wins back seat months after...

July 16, 2025

RFK Jr. fires 2 top aides at HHS...

July 16, 2025

Congress considers permanent national park fee increase for...

July 16, 2025

Japan calls axis of China, Russia, North Korea...

July 16, 2025

Iran’s leader threatens ‘even bigger blow’ against US,...

July 16, 2025

Trump’s controversial plan to fire federal workers finds...

July 16, 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

  • Russian official says Moscow has ‘no intention’ of supplying Iran with warheads, following Trump taunts

    June 25, 2025
  • Macy’s turnaround hinges on revamping some stores and closing others. It appears to be working.

    March 7, 2025
  • PSNY Stock: Unpacking Polestar’s Financial Rollercoaster

    August 5, 2024
  • Solana and Cardano: Cardano price continues to retreat

    September 4, 2024
  • ESPN networks, ABC and Disney channels go dark on DirecTV on a busy night for sports

    September 3, 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

    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 (5,386)
  • Investing (634)
  • Stock (844)

Latest Posts

  • U.S. markets close sharply lower — but some economists say economy looks stable

    August 6, 2024
  • Democrats plot coup to ‘save democracy,’ but what happens if they fail?

    July 20, 2024
  • Israel’s ‘resounding’ military campaign against Iran could be historic turning point, experts say

    June 19, 2025

Recent Posts

  • Pokemon Trading Cards: 4 Essential Tips for Collecting

    August 9, 2024
  • Vital Western alliance countries’ heavy dependence on China major problem: ‘dangerously exposed’

    August 3, 2024
  • DAVID MARCUS: At 50, SNL should drop the woke, get back to the joke

    February 15, 2025

Editor’s Pick

  • Mastercard jumps after Q2 earnings, is ’embedded finance’ the future?

    July 31, 2024
  • Trump slams Biden’s ‘pathetic’ correspondence with Netanyahu, reveals when he last spoke with world leader

    October 13, 2024
  • New House GOP resolution eviscerates Comey over ’86 47′ Instagram post

    May 16, 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