Earnings Mastery
  • Politics
  • Business
  • Investing
  • World
No Result
View All Result
  • Politics
  • Business
  • Investing
  • World
No Result
View All Result
Earnings Mastery
No Result
View All Result
Home Politics

Senate GOP pushes Trump budget framework through after marathon vote series

April 5, 2025
in Politics
Senate GOP pushes Trump budget framework through after marathon vote series
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Senate approved changes to the House’s budget resolution on Saturday after an hourslong series of amendment votes during which Democrats sought to put Republicans on record on issues like tariffs and the Department of Government Efficiency (DOGE). 

It passed mostly along party lines in a 51 to 48 vote.

The amended framework would raise the debt ceiling by up to $5 trillion within the reconciliation process, taking future leverage away from Senate Democrats. It would also make President Trump’s 2017 tax cuts permanent by using what’s called a current policy baseline that Budget Committee Chairman Lindsey Graham, R-S.C., decides.

The scoring tool essentially means the cost of making Trump’s tax cuts permanent would be factored at $0 because it extends current policy, rather than counting it as new dollars being added to the federal deficit.

Budget reconciliation lowers the vote threshold in the Senate from 60 to 51, which lets Republicans approve certain priorities with no Democrat support. 

Washington’s Republican trifecta thus sees reconciliation as a key tool for delivering on Trump agenda items. 

The Senate’s Friday night ‘vote-a-rama’ was triggered by the chamber agreeing to a motion to proceed to the budget resolution amendment on Thursday night. Nearly a day of debate followed before the vote series was initiated.

During this type of voting series, senators of both parties can introduce an unlimited number of amendments, and many get floor votes.

The budget would address border funding for the Trump administration as well as extend the hallmark tax cuts Trump passed in 2017. 

Initially, there was stark disagreement between Republicans in the House and Senate on how to organize a budget reconciliation resolution. The House GOP leaders preferred one bill with both the border and taxes included, while those in the Senate wanted to have two separate resolutions for them. 

But the House’s approach ultimately won out, with Trump supporting their plan. 

This post appeared first on FOX NEWS

Previous Post

From Ford’s employee pricing discounts to Stellantis’ plant shutdowns, auto tariffs jolt carmakers into action

Next Post

Senate kicks off all-night ‘vote-a-rama’ as Democrats plan to press GOP on Trump, DOGE

Next Post
Senate kicks off all-night ‘vote-a-rama’ as Democrats plan to press GOP on Trump, DOGE

Senate kicks off all-night ‘vote-a-rama’ as Democrats plan to press GOP on Trump, DOGE

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    Here’s why Nikkei 225 Index is rising after weak Japan GDP data

    June 9, 2025
    Asian markets open: positive start with Nikkei +0.91%, Kospi +1.71%; Sensex tracks global gains

    Asian markets open: positive start with Nikkei +0.91%, Kospi +1.71%; Sensex tracks global gains

    June 9, 2025
    RBI’s rate cut bonanza: why India’s IPO pipeline could be set for a blockbuster run

    RBI’s rate cut bonanza: why India’s IPO pipeline could be set for a blockbuster run

    June 9, 2025
    What next for the Joby Aviation stock price after recent surge?

    What next for the Joby Aviation stock price after recent surge?

    June 9, 2025
    US, China to resume trade talks in London as rare-earth, tech tensions persist: the story so far

    US, China to resume trade talks in London as rare-earth, tech tensions persist: the story so far

    June 9, 2025
    Europe markets open: stocks dip ahead of key US-China meeting; Chinese trade data disappoints

    Europe markets open: stocks dip ahead of key US-China meeting; Chinese trade data disappoints

    June 9, 2025

    Disclaimer: EarningsMastery.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.

    Popular

    Warren Buffett stepping down: analysts assess what it means for Berkshire stock and investors

    Warren Buffett stepping down: analysts assess what it means for Berkshire stock and investors

    May 6, 2025

    Latest

    Here’s why Nikkei 225 Index is rising after weak Japan GDP data

    June 9, 2025
    Asian markets open: positive start with Nikkei +0.91%, Kospi +1.71%; Sensex tracks global gains

    Asian markets open: positive start with Nikkei +0.91%, Kospi +1.71%; Sensex tracks global gains

    June 9, 2025
    RBI’s rate cut bonanza: why India’s IPO pipeline could be set for a blockbuster run

    RBI’s rate cut bonanza: why India’s IPO pipeline could be set for a blockbuster run

    June 9, 2025
    • About us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 earningsmastery.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Business
    • Investing
    • World

    Copyright © 2025 earningsmastery.com | All Rights Reserved