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

Bull Hedging

Politics

Leader Thune backs Senate GOP bid to speed past House on Trump budget plan

by admin February 6, 2025
February 6, 2025
Leader Thune backs Senate GOP bid to speed past House on Trump budget plan

: Senate Majority Leader John Thune, R-S.D., came out in support of a GOP effort in the upper chamber to get moving on legislation to advance President Donald Trump’s agenda.

It would be a significant departure from current plans for the House to pass a bill first, amid infighting by House Republicans over spending levels.

‘I appreciate Chairman Graham’s leadership in crafting a budget resolution that will unlock the ability to pass a reconciliation bill to secure the border, rebuild our military, and deliver a much-needed down payment on energy security,’ Thune told Fox News Digital in an exclusive statement. 

‘I am supportive of Chairman Graham’s efforts to advance the president’s priorities in the Senate, and I look forward to continuing our conversations with our House colleagues,’ he said. 

Earlier on Wednesday, ahead of a lunch with key Republicans, Senate Budget Committee Chairman Lindsey Graham, R-S.C., unveiled his plan to advance the bill through a key procedural hurdle next week. The House planned to move a bill this week, but leaders were forced to punt after conservatives balked at what they saw as a low threshold for spending cuts to offset the cost of new funding to implement Republican border and defense policies.

Now, with Thune’s blessing, Graham’s plan is primed to quickly maneuver through the Senate, getting a significant advantage over any competing House GOP efforts. 

Republicans in Washington, D.C., are preparing to use the budget reconciliation process to achieve a wide range of Trump proposals from border security to eliminating taxes on tips and overtime pay.

The reconciliaiton process lowers the threshold to advance a bill in the Senate from 60 votes to just 51. And with a 53-vote majority in the upper chamber, Republicans are poised to push policies through with only support from the GOP conference.

At the same time, with razor-thin margins in the House and Senate, the party can afford very few defectors. 

The first step in the crucial budget reconciliation process is marking up and advancing a bill through the Senate and House budget committees.

The budget that is headed to the Senate’s committee would be part of a two-pronged approach, with the first bill including Trump’s priorities for border security, fossil fuel energy and national defense.

This plan would see a second bill focusing on extending Trump’s tax policies from the Tax Cuts and Jobs Act (TCJA) later in the year. 

In a statement, Graham confirmed his plan to move forward on the two-bill plan. His office advised that next week there would indeed be a committee vote on a Fiscal Year 2025 budget resolution, which ‘will be the blueprint that unlocks the pathway forward for a fully paid for reconciliation bill to secure the border, bolster our military and increase American energy independence.’

‘To those who believe that Republicans should fulfill their promises on border security, mass deportation of criminal illegal aliens: I agree,’ Graham said. 

‘That is why the Senate Budget Committee will be moving forward next week to give the Trump Administration’s Border Czar, Tom Homan, the money he needs to finish the wall, hire ICE agents to deport criminal illegal immigrants, and create more detention beds so that we do not release more dangerous people into the country. This will be the most transformational border security bill in the history of our country. It’s time to act,’ he continued. 

While many Senate Republicans have espoused a preference for two bills to be passed this year through the key budget reconciliation process, they have faced significant opposition in the House, where the House Ways & Means Committee and House GOP leaders have pushed for one large bill with all of Trump’s priorities. 

House leaders had intended to make the first move in the process. But the Senate passing their own bill first could essentially force the lower chamber to contend with whatever product comes from the other side of Capitol Hill, instead of dictating their starting point themselves. 

Trump has previously said he preferred one large bill, but avoided demanding it. Rather, the president has left it with Congress, urging them to employ whichever strategy can be carried out quickest.

This post appeared first on FOX NEWS

previous post
Zelenskyy wants nukes or NATO; Trump special envoy Kellogg says ‘slim and none’ chance
next post
USAID staffers stunned, angered by Trump admin’s DOGE shutdown of $40B agency

Related Posts

House vote imminent on plan to avert government...

December 21, 2024

Cease-fire between Israel and Hamas getting closer amid...

January 14, 2025

Trump set to meet with world leaders in...

February 24, 2025

Mike Huckabee nomination advances in Senate, one step...

April 9, 2025

Trump says 10 hostages will be returning from...

July 19, 2025

Booker concludes record 25-hour speech against Trump, Musk,...

April 2, 2025

GOP outperformed Dems on voter registration in key...

May 22, 2025

Trump inauguration: Who is expected to attend, and...

January 19, 2025

Skyrocketing antisemitism in Canada sparks concern for country’s...

April 20, 2025

Top federal agency takes DOGE’s mission to heart...

February 25, 2025

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics
  • Harvard, Trump battle for billions in federal funds as judge weighs next steps
  • Congressional Republicans face bruising battle to avoid government shutdown
  • Iran seeks China, Russia help to stall UN sanctions ahead of nuclear talks with Europeans
  • Obama-era officials mum on allegations of ‘manufactured’ intelligence launching Trump-Russia probe

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

    July 22, 2025
  • Harvard, Trump battle for billions in federal funds as judge weighs next steps

    July 22, 2025
  • Congressional Republicans face bruising battle to avoid government shutdown

    July 22, 2025
  • Iran seeks China, Russia help to stall UN sanctions ahead of nuclear talks with Europeans

    July 22, 2025
  • Obama-era officials mum on allegations of ‘manufactured’ intelligence launching Trump-Russia probe

    July 22, 2025
  • Hunter Biden special counsel got ‘one resume’ from DOJ to help prosecute president’s son

    July 22, 2025

Editors’ Picks

  • 1

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

    December 12, 2024
  • 2

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

    December 15, 2024
  • 3

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

    December 31, 2024
  • 4

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

    December 19, 2024
  • 5

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
  • 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 (458)
  • Investing (1,611)
  • Politics (1,984)
  • Stocks (669)
  • 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