Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

Politics

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

by admin July 17, 2025
July 17, 2025
Senate marches toward passing Trump’s $9B clawback bill after dramatic late-night votes

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

previous post
Newsom taunts Trump with series of comments about president’s ties to Epstein amid efforts to avoid subject
next post
Former DC councilmember wins back seat months after being expelled over bribery charge

Related Posts

Trump admin asks Supreme Court to allow it...

September 20, 2025

From Zapruder to smartphones: Assassination footage reshapes America’s...

September 15, 2025

Trump’s ‘big, beautiful bill’ faces Republican family feud...

June 28, 2025

DAVID MARCUS: I’ve seen enough human suffering in...

July 29, 2025

Sec Hegseth to visit Panama after Trump’s demands...

April 5, 2025

Trump, Putin discussed possible prisoner swap involving 9...

May 21, 2025

Tulsi Gabbard confirmation vote set for Wednesday after...

February 12, 2025

‘Irrelevant’: Senators push back against Vought’s call for...

July 18, 2025

GOP Sen. Joni Ernst officially backs Pete Hegseth...

January 15, 2025

Former Philippine President Rodrigo Duterte arrested at airport...

March 11, 2025

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio
  • Five possible futures for Middle East from renaissance to rockets
  • ‘Untold damage’: Global assisted suicide movement targets children
  • Two IDF soldiers killed amid ‘severe’ ceasefire violation, ‘it’s not the last,’ analyst says

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics

    October 20, 2025
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    October 20, 2025
  • Five possible futures for Middle East from renaissance to rockets

    October 20, 2025
  • ‘Untold damage’: Global assisted suicide movement targets children

    October 20, 2025
  • Two IDF soldiers killed amid ‘severe’ ceasefire violation, ‘it’s not the last,’ analyst says

    October 20, 2025
  • Is Trump’s ‘heat’ on Venezuela the start of a wider campaign for regime change?

    October 20, 2025

Editors’ Picks

  • 1

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 2

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 3

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 4

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
  • 5

    Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

    December 19, 2024
  • 6

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 7

    Trudeau declares himself ‘proud feminist’ after lamenting Harris loss to Trump as setback for women

    December 13, 2024
Promotion Image

banner

Categories

  • Business (579)
  • Investing (2,225)
  • Politics (2,716)
  • Stocks (852)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: bullhedging.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 bullhedging.com | All Rights Reserved