US EditionUS Senate Republicans See Delays as They Face Yawning Budget Hole on Trump Bill
- Senate Republicans released a 940-page budget bill on Friday and are working through the weekend to pass it before a self-imposed July 4 deadline.
- This legislation follows a House bill passed in May and aims to extend $3.8 trillion of Trump's 2017 tax cuts while including major changes to Medicaid and food aid programs.
- The bill proposes raising the debt limit by $5 trillion, allocates $46.5 billion for the border wall, invests $500 million in broadband, and cuts spending to offset lost revenue.
- According to the nonpartisan Congressional Budget Office, the House-passed bill would cause 10.9 million more uninsured, reduce food aid for 3 million people, cut $12,000 in taxes for top earners, and raise taxes by $1,600 for poorest Americans.
- The legislation faces significant hurdles as some GOP senators oppose parts of the package, requiring further revisions and reconciliation with the House before it can reach President Trump for signing.
13 Articles
13 Articles
Weekend Senate session focuses on contentious GOP tax cuts and budget reductions
Republicans are using their majorities in Congress to push aside Democratic opposition, but they have run into a series of political and policy setbacks. Not all GOP lawmakers are on board with proposals to reduce spending on Medicaid, food stamps and other programs as a way to help cover the cost of extending some $3.8 trillion in Trump tax breaks
Senate strives to get budget bill back on track
WASHINGTON (AP) — Senate Republicans appeared Friday to push President Donald Trump’s big bill back on track after a flurry of last-minute revisions, including deep cuts to food stamps, but there’s still a long way to go ahead of expected weekend votes. Trump himself at first gave Congress some breathing room as senators race to meet his Fourth of July deadline, declaring, “It’s not the end all,” during a press conference at the White House. But…
Channel News Asia
UpstractUS Senate Republicans see delays as they face yawning budget hole on Trump bill
WASHINGTON: Top US Republicans confronted a yawning budget hole in their sprawling tax-cut and spending bill on Friday (Jun 27), signalling that they could miss President Donald Trum
Senate Republicans see delays as they face yawning budget hole on Trump bill
Top Republicans confronted a yawning budget hole in their sprawling tax-cut and spending bill on Friday, signaling that they could miss President Donald Trump’s July 4 deadline as they rewrite dozens of elements rejected by a nonpartisan referee.
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