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

Bull Hedging

Politics

Future of Trump budget bill uncertain as House GOP rebels mutiny over Senate plan

by admin April 9, 2025
April 9, 2025
Future of Trump budget bill uncertain as House GOP rebels mutiny over Senate plan

House Republicans are divided over how to proceed on a massive piece of legislation aimed at advancing President Donald Trump’s agenda as a possible vote on the measure looms Wednesday afternoon.

Fiscal hawks are rebelling against GOP leaders over plans to pass the Senate’s version of a sweeping framework that sets the stage for a Trump policy overhaul on the border, energy, defense and taxes.

Their main concern has been the difference between the Senate and House’s required spending cuts, which conservatives want to offset the cost of the new policies and as an attempt to reduce the national deficit. The Senate’s plan calls for a minimum of $4 billion in cuts, while the House’s floor is much higher at $1.5 trillion.

‘The problem is, I think a lot of people don’t trust the Senate and what their intentions are, and that they’ll mislead the president and that we won’t get done what we need to get done,’ Rep. Rich McCormick, R-Ga., told reporters on Tuesday. ‘I’m a ‘no’ until we figure out how to get enough votes to pass it.’

McCormick said there were as many as 40 GOP lawmakers who were undecided or opposed to the measure.

A meeting with a select group of holdouts at the White House on Tuesday appeared to budge a few people, but many conservatives signaled they were largely unmoved.

‘I wouldn’t put it on the floor,’ Rep. Chip Roy, R-Texas, told reporters after the White House meeting. ‘I’ve got a bill in front of me, and it’s a budget, and that budget, in my opinion, will increase the deficit, and I didn’t come here to do that.’

Senate GOP leaders praised the bill as a victory for Trump’s agenda when it passed the upper chamber in the early hours of Saturday morning.

Trump urged all House Republicans to support it in a Truth Social post on Monday evening.

Meanwhile, House Republican leaders like Speaker Mike Johnson, R-La., have appealed to conservatives by arguing that passing the Senate version does not in any way impede the House from moving ahead with its steeper cuts.

The House passed its framework in late February.

Congressional Republicans are working on a massive piece of legislation that Trump has dubbed ‘one big, beautiful bill’ to advance his agenda on border security, defense, energy and taxes.

Such a measure is largely only possible via the budget reconciliation process. Traditionally used when one party controls all three branches of government, reconciliation lowers the Senate’s threshold for passage of certain fiscal measures from 60 votes to 51. As a result, it has been used to pass broad policy changes in one or two massive pieces of legislation.

Passing frameworks in the House and Senate, which largely only include numbers indicating increases or decreases in funding, allows each chamber’s committees to then craft policy in line with those numbers under their specific jurisdictions. 

Members of the conservative House Freedom Caucus have pushed for Johnson to allow the House GOP to simply begin crafting its bill without passing the Senate version, though both chambers will need to eventually pass identical bills to send to Trump’s desk.

‘Trump wants to reduce the interest rates. Trump wants to lower the deficits. The only way to accomplish those is to reduce spending. And $4 billion is not – that’s … anemic. That is really a joke,’ Rep. Eric Burlison, R-Mo., told reporters.

He said ‘there’s no way’ the legislation would pass the House this week.

The measure will likely go through the House Rules Committee, which acts as the final gatekeeper for most legislation getting a chamber-wide vote.

However, tentative plans for a late-afternoon House Rules Committee meeting on the framework, which would have set up a Wednesday vote, were scrapped by early evening on Tuesday.

The legislation could still get a House-wide vote late on Wednesday if the committee meets in the morning.

As for the House speaker, he was optimistic returning from the White House meeting on Tuesday afternoon.

‘Great meeting. The president was very helpful and engaged, and we had a lot of members whose questions were answered,’ Johnson told reporters. ‘I think we’ll be moving forward this week.’

Fox News’ Ryan Schmelz and Aishah Hasnie contributed to this report.

This post appeared first on FOX NEWS

previous post
VP Vance blasts McConnell’s vote against Trump Pentagon nominee: ‘Political pettiness’
next post
White House: US will lead in AI, but China is catching up

Related Posts

US military would be unleashed on enemy drones...

May 16, 2025

Tracking government spending: Contractual services and supplies

January 4, 2025

RFK Jr attributes rise in autism to environmental...

April 17, 2025

‘There’s always consequences’: GOP rebels plot mutiny against...

December 18, 2024

Trump praised for getting NATO allies to bolster...

March 14, 2025

Pennsylvania man charged with threatening Trump, ICE agents,...

April 12, 2025

Lawmaker unveils constitutional amendment to give Trump third...

January 24, 2025

Influential leader of Canada’s Ontario province seeks Trump,...

January 12, 2025

New FBI leader Kash Patel tapped to run...

February 23, 2025

Supreme Court hears pivotal Louisiana election map case...

March 25, 2025

Recent Posts

  • Hedge Market Volatility with These Dividend Aristocrats & Sector Leaders
  • S&P 500 Bullish Patterns: Are Higher Highs Ahead?
  • S&P 500 on the Verge of 6,000: What’s at Stake?
  • Clusters of Long Winning Streaks: What They’re Telling Us
  • Three Charts Showing Proper Moving Average Alignment

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

  • Hedge Market Volatility with These Dividend Aristocrats & Sector Leaders

    June 6, 2025
  • S&P 500 Bullish Patterns: Are Higher Highs Ahead?

    June 6, 2025
  • S&P 500 on the Verge of 6,000: What’s at Stake?

    June 6, 2025
  • Clusters of Long Winning Streaks: What They’re Telling Us

    June 6, 2025
  • Three Charts Showing Proper Moving Average Alignment

    June 6, 2025
  • Biden only hand-signed one pardon during final spree, and it was his most controversial one

    June 6, 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

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

    December 19, 2024
  • 4

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

    December 31, 2024
  • 5

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 6

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

    December 13, 2024
  • 7

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
Promotion Image

banner

Categories

  • Business (390)
  • Investing (1,283)
  • Politics (1,587)
  • Stocks (530)
  • 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