Top Investing Today
  • Investing
  • Politics
  • Stock
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Economy
  • Editor’s Pick
No Result
View All Result
Top Investing Today
No Result
View All Result
Home News

Trump budget bill standoff fuels tension in House GOP as leaders press forward

BoldThemes by BoldThemes
February 11, 2025
in News, Politics
0
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

The House and Senate are headed for a collision course on federal budget talks as each chamber hopes to advance its own respective proposals by the end of Thursday.

Speaker Mike Johnson, R-La., told reporters Tuesday that the House Budget Committee would take up a resolution for a massive bill to advance President Donald Trump’s agenda later this week. The panel then scheduled its meeting on the matter for 10 a.m. ET on Thursday. 

Senate Republicans, meanwhile, resolved to push forward with their own legislation after the House GOP missed its self-imposed deadline to kick-start the process last week. 

And while the two chambers agree broadly on what they want to pass via reconciliation, they differ significantly on how to get those goals over the finish line. 

‘What’s the alternative, the Senate version?’ Rep. Ralph Norman, R-S.C., said when asked if House Republicans could come to an agreement. ‘When has the Senate ever given us anything conservative?’

House Budget Committee Chairman Jodey Arrington, R-Texas, caught some members of the Republican conference by surprise at their closed-door meeting on Tuesday morning when he announced to the room that his panel would be advancing a reconciliation resolution, two lawmakers told Fox News Digital.

House and Senate Republicans are aiming to use their congressional majorities to pass a massive conservative policy overhaul via the budget reconciliation process.

By reducing the Senate’s threshold for passage from two-thirds to a simple majority, where the House already operates, Republicans will be able to enact Trump’s plans while entirely skirting Democratic opposition, provided the items included relate to budgetary and other fiscal matters.

GOP lawmakers want to include a wide swath of Trump’s priorities, from more funding for border security to eliminating taxes on tipped and overtime wages.

House Republicans’ plans to advance the bill through committee last week were scuttled after fiscal hawks balked at initial proposals for baseline reductions in government spending – frustrating rank-and-file lawmakers.

‘This is a mechanism that needs to happen that some people are getting hung up on,’ one exasperated House GOP lawmaker said. ‘Some people are acting as if this – you know, I appreciate they’re taking this seriously, but this is just getting the clock started.’

More recent proposals traded by the House GOP would put that minimum total anywhere between roughly $1 trillion and $2.5 trillion.

Meanwhile, the Senate’s proposal is projected to be deficit-neutral, according to a press release. Senate Budget Committee Chairman Lindsey Graham, R-S.C., hopes to advance it by the end of Thursday.

Johnson told reporters Tuesday that bill would be dead on arrival in the House.

‘I’m afraid it’s a nonstarter over here. And, you know, I’ve expressed that to him. And there is no animus or daylight between us. We all are trying to get to the same achievable objectives. And there’s just, you know, different ideas on how to get there,’ the speaker said.

Tensions are growing, however, with Johnson’s critics beginning to blame his leadership for the lack of a definitive roadmap.

‘We’re totally getting jammed by the Senate. Leaders lead, and they don’t wait to get jammed,’ Rep. Max Miller, R-Ohio, told Fox News Digital. ‘If I had somebody who was arguing with me about a top-line number, and if I was speaker, they wouldn’t be in that position anymore.’

‘And I would figure out a way to be resourceful working with the conference and working lines of communication, as opposed to hiding everything and then being three weeks late on the top-line number.’

Johnson told reporters that details of a plan could be public as soon as Tuesday night.

The Senate’s plan differs from the House’s goal in that it would separate Trump’s priorities into two separate bills – including funding for border security and national defense in one bill, while leaving Trump’s desired tax cut extensions for a second portion.

House GOP leaders are concerned that leaving tax cuts for a second bill could leave Republicans with precious little time to reckon with them before the existing provisions expire at the end of this year.

This post appeared first on FOX NEWS
Previous Post

Trump picks Virginia official Terry Cole to lead the DEA, vows to ‘save lives’ in new administration

Next Post

Are Trump’s 25% Tariffs a Game-Changer for Steel Stocks? Here’s What to Watch Now!

BoldThemes

BoldThemes

Next Post
Are Trump’s 25% Tariffs a Game-Changer for Steel Stocks? Here’s What to Watch Now!

Are Trump's 25% Tariffs a Game-Changer for Steel Stocks? Here's What to Watch Now!

  • Trending
  • Comments
  • Latest
The Connectivity Standards Alliance Product Security Working Group Launches the IoT Device Security Specification 1.0

The Connectivity Standards Alliance Product Security Working Group Launches the IoT Device Security Specification 1.0

March 19, 2024
Israel says UN ‘deceiving’ world over aid delays to Gaza

Israel says UN ‘deceiving’ world over aid delays to Gaza

March 28, 2024
Conservative backlash to Israel aid bill could force Johnson to seek Democrat support again

Conservative backlash to Israel aid bill could force Johnson to seek Democrat support again

February 6, 2024
Gold and Silver Set to Smash Records: Could 2024 Be Their Biggest Year Yet?

Gold and Silver Set to Smash Records: Could 2024 Be Their Biggest Year Yet?

May 17, 2024

Hamas claims it will release American hostage Edan Alexander

0
Amid growing criticism of Biden foreign policy, experts credit wins while leaving room for improvement

Amid growing criticism of Biden foreign policy, experts credit wins while leaving room for improvement

0
Conservative backlash to Israel aid bill could force Johnson to seek Democrat support again

Conservative backlash to Israel aid bill could force Johnson to seek Democrat support again

0
Precision Manufacturing For Sensitive Equipment With CNC Machining

Precision Manufacturing For Sensitive Equipment With CNC Machining

0

Hamas claims it will release American hostage Edan Alexander

May 11, 2025

Trump’s ‘Art of the Deal’ diplomacy just delivered a global win—without a shot fired

May 11, 2025
Week Ahead: NIFTY Stays In Technically Challanging Environment; Price Action Against These Levels Crucial

Week Ahead: NIFTY Stays In Technically Challanging Environment; Price Action Against These Levels Crucial

May 11, 2025

Trump vows to increase trade with India, Pakistan after praising ceasefire agreement: ‘A job well done!’

May 11, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    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!

    Recent News

    Hamas claims it will release American hostage Edan Alexander

    May 11, 2025

    Trump’s ‘Art of the Deal’ diplomacy just delivered a global win—without a shot fired

    May 11, 2025
    Week Ahead: NIFTY Stays In Technically Challanging Environment; Price Action Against These Levels Crucial

    Week Ahead: NIFTY Stays In Technically Challanging Environment; Price Action Against These Levels Crucial

    May 11, 2025

    Trump vows to increase trade with India, Pakistan after praising ceasefire agreement: ‘A job well done!’

    May 11, 2025
    • About Us
    • Privacy Policy
    • Terms & Conditions
    • Contact

    Copyright © 2024 Topinvestingtoday.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Politics
    • Stock
    • Economy
    • Editor’s Pick

    Copyright © 2024 Topinvestingtoday.com. All Rights Reserved.