Wall Street Wizardry
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Wall Street Wizardry

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
Opinion: Look to outer space for Trump’s Greenland playbook ambitions amid Russia, China Arctic advances
next post
Who is Samantha Power? Meet the Biden-era USAID leader facing backlash amid Musk’s DOGE crackdown

Related Posts

Shutdown averted after Schumer caves and backs Trump...

March 15, 2025

Senate confirms Doug Burgum to lead the Department...

January 31, 2025

Why Trump is right to revitalize the Monroe...

April 18, 2025

Navarro brushes off feud with Elon Musk: ‘Boys...

April 14, 2025

Trump threatens to bomb Iran unless they end...

March 31, 2025

Trump rattles off ‘flagrant scams’ uncovered by DOGE,...

February 23, 2025

‘Peace through strength’: Trump and Netanyahu expected to...

February 4, 2025

Trump pauses aid to Ukraine after fiery meeting...

March 4, 2025

Hawley officially a yes on Dr. Oz after...

April 1, 2025

Planned Parenthood appears to scrub Instagram as fears...

February 16, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


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

    Editors’ Picks

    • 1

      Financial Agreement signed releasing $2M grant

      January 23, 2025
    • 2

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 3

      US security contractor will take charge of key checkpoint in Gaza as Israeli forces withdraw

      January 25, 2025
    • 4

      Trump re-designates Iranian-backed Houthis as terrorists: ‘Threaten[s] security of American civilians’

      January 23, 2025
    • 5

      Cyclopharm Signs US Agreement with HCA Healthcare for Technegas®

      January 23, 2025
    • 6

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • 7

      Universal’s ‘Wicked: For Good’ creates a unique marketing challenge

      January 26, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: wallstreetwizardry.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 wallstreetwizardry.com | All Rights Reserved