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Disagreements over where to set the floor for spending cuts have put House Republicans behind on their ambitious schedule for reconciliation, which includes a final goal of getting a bill on Trump ...
New bill: $110BB in deficit spending (unpaid for), $4 TRILLION+ debt ceiling increase with $0 in structural reforms for cuts. Time to read the bill: 1.5 hours. I will vote no," Rep. Chip Roy, R ...
Trump had called on lawmakers to abolish the debt ceiling, a limit set by lawmakers to determine how much money the federal government can borrow to pay its bills. It was last raised in 2023 ...
Trump and Vice President-elect JD Vance on Wednesday sharply criticized a deal to fund the federal government until March 14 that was negotiated by Republican House Speaker Mike Johnson ...
The text also calls for $4.5 trillion in new spending for the House Ways & Means Committee, aimed at extending measures in Trump's Tax Cuts and Jobs Act that are expiring at the end of this year.
President Donald Trump has pursued a radical overhaul of the U.S. government since taking office on January 20, aiming to slash spending and dramatically downsize the 2.3 million strong civil service.
[5] [6] In response, McCarthy cut deals with Democrats to raise the debt ceiling and keep the government open. [7] This led to his removal as speaker and the election of Mike Johnson as speaker. [8] Johnson also cut spending deals with Democrats for fiscal year 2024, but a motion to remove him was unsuccessful. [9]
Congress passed a bipartisan deal spending deal after Donald Trump and Elon Musk tanked an earlier bill. ... bill to stave off a federal government shutdown. ... package and cut $2.5 trillion in ...