Tag #Spending Cuts

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theguardian.com

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Jun 29, 04:15

Senate Votes on Trump's Tax Cuts, Spending Cuts, and Deportation Bill

The US Senate is set to vote on a Republican bill including $3.8 trillion in tax cuts, $350 billion for national security, and spending cuts to programs like Medicaid and food stamps, facing unified Democratic opposition and internal GOP divisions.

Senate Votes on Trump's Tax Cuts, Spending Cuts, and Deportation Bill

The US Senate is set to vote on a Republican bill including $3.8 trillion in tax cuts, $350 billion for national security, and spending cuts to programs like Medicaid and food stamps, facing unified Democratic opposition and internal GOP divisions.

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What are the potential long-term economic and political consequences of this bill, and how might it affect future legislative efforts?

The Senate's weekend session marks a critical juncture for Trump's domestic agenda. Successful passage would solidify Trump's policy goals, but failure could significantly damage the GOP's political standing. The bill's long-term economic consequences are debated, with concerns about increased national debt and potential negative impacts on specific sectors such as renewable energy, which is taxed more heavily under the bill's proposals.

abcnews.go.com

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Jun 12, 16:11

House Republicans to Cut $9.4 Billion in Spending

House Republicans plan to cut $9.4 billion in previously approved spending, targeting foreign aid, refugee programs, and public broadcasting, which Democrats say will damage the US's global standing.

House Republicans to Cut $9.4 Billion in Spending

House Republicans plan to cut $9.4 billion in previously approved spending, targeting foreign aid, refugee programs, and public broadcasting, which Democrats say will damage the US's global standing.

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What are the immediate consequences of the proposed $9.4 billion in spending cuts by House Republicans?

House Republicans aim to cut $9.4 billion in spending, targeting foreign aid and the Corporation for Public Broadcasting. This uses a rarely used presidential tool allowing a simple Senate majority for passage. Democrats criticize this as "cruelty", potentially harming US global standing.

foxnews.com

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Jun 7, 16:11

Musk Slams GOP Spending Bill, Questions Trump, Thune, and Johnson's Commitment

Elon Musk publicly criticized the Republican Party's proposed $1.5 trillion spending cuts, calling it a "disgusting abomination" and questioning the commitment of Donald Trump, John Thune, and Mike Johnson to fiscal responsibility, despite their past statements promising deep cuts to the national de...

Musk Slams GOP Spending Bill, Questions Trump, Thune, and Johnson's Commitment

Elon Musk publicly criticized the Republican Party's proposed $1.5 trillion spending cuts, calling it a "disgusting abomination" and questioning the commitment of Donald Trump, John Thune, and Mike Johnson to fiscal responsibility, despite their past statements promising deep cuts to the national de...

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What are the immediate impacts of Elon Musk's public criticism of the Republican Party's proposed bill on the party's fiscal policy and public image?

Elon Musk criticized the Republican Party's proposed bill, calling it a "disgusting abomination" filled with wasteful spending. He specifically targeted Donald Trump, Senate Majority Leader John Thune, and House Speaker Mike Johnson for their alleged lack of commitment to significant spending cuts. Musk's criticism follows his own unsuccessful attempt to identify $2 trillion in waste, fraud, and abuse during his time as head of Trump's Department of Government Efficiency, where he only found $160 billion.

us.cnn.com

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May 29, 01:13

House Republicans Ready to Approve Trump's $9 Billion in "DOGE Cuts

House Republicans are poised to quickly approve President Trump's proposed $9 billion in "DOGE cuts" targeting programs like the Corporation for Public Broadcasting and foreign aid once the White House formally requests it, but Senate action and internal GOP disagreements pose challenges within the ...

House Republicans Ready to Approve Trump's $9 Billion in "DOGE Cuts

House Republicans are poised to quickly approve President Trump's proposed $9 billion in "DOGE cuts" targeting programs like the Corporation for Public Broadcasting and foreign aid once the White House formally requests it, but Senate action and internal GOP disagreements pose challenges within the ...

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What are the potential obstacles to the swift approval of the "DOGE cuts"?

The proposed "DOGE cuts" totaling over $9 billion aim to reduce government spending, aligning with President Trump's agenda and Republican priorities. However, the plan faces potential hurdles in the Senate, where Republicans are simultaneously focused on passing their version of Trump's domestic policy package. Internal disagreements within the GOP regarding foreign aid could further complicate the process.

foxnews.com

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May 25, 22:12

Johnson, Paul Clash Over Trump's Budget: Debt Ceiling at Center of Dispute

House Speaker Mike Johnson and Senator Rand Paul publicly disagreed over President Trump's proposed budget, specifically the spending cuts and debt ceiling increase, with Johnson supporting the bill as necessary to prevent an economic crisis and Paul criticizing it for insufficient cuts and proposin...

Johnson, Paul Clash Over Trump's Budget: Debt Ceiling at Center of Dispute

House Speaker Mike Johnson and Senator Rand Paul publicly disagreed over President Trump's proposed budget, specifically the spending cuts and debt ceiling increase, with Johnson supporting the bill as necessary to prevent an economic crisis and Paul criticizing it for insufficient cuts and proposin...

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What are the potential long-term implications of this budget dispute for the national debt and the US economy?

This conflict foreshadows potential challenges in passing the budget through the Senate. Paul's opposition and his proposal for a shorter-term debt ceiling increase could lead to further negotiations and amendments, potentially delaying or altering the final legislation. The outcome will significantly impact the national debt trajectory and the overall economic health of the United States.

theguardian.com

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May 22, 07:12

House Set to Pass Tax Cut Bill, Adding \$3.8 Trillion to National Debt

The Republican-controlled House is poised to pass a bill extending 2017 tax cuts, boosting military and immigration spending, and cutting social programs, adding \$3.8 trillion to the national debt over a decade, despite a recent Moody's credit downgrade.

House Set to Pass Tax Cut Bill, Adding \$3.8 Trillion to National Debt

The Republican-controlled House is poised to pass a bill extending 2017 tax cuts, boosting military and immigration spending, and cutting social programs, adding \$3.8 trillion to the national debt over a decade, despite a recent Moody's credit downgrade.

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What are the immediate consequences of the Republican tax and spending bill's passage?

The House of Representatives is set to vote on a Republican-backed bill that includes significant tax cuts and increased military spending, funded in part by cuts to social programs. This could add \$3.8 trillion to the national debt over ten years, according to the Congressional Budget Office, potentially impacting credit ratings and investor confidence. The bill passed a key procedural vote late Wednesday, setting up a vote before dawn Thursday.

abcnews.go.com

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Jun 13, 01:11

Senate to Cut Costs in Revised "One Big Beautiful Bill Act"

The Senate is revising the "One Big Beautiful Bill Act," making changes to reduce costs, including altering SNAP work requirements for families with children over 10, lowering the SALT deduction cap, potentially cutting border security funding, and reforming Medicaid; these changes aim for historic ...

Senate to Cut Costs in Revised "One Big Beautiful Bill Act"

The Senate is revising the "One Big Beautiful Bill Act," making changes to reduce costs, including altering SNAP work requirements for families with children over 10, lowering the SALT deduction cap, potentially cutting border security funding, and reforming Medicaid; these changes aim for historic ...

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What are the immediate impacts of the Senate's proposed changes to the "One Big Beautiful Bill Act" on federal spending and state budgets?

The Senate is revising the "One Big Beautiful Bill Act," aiming to reduce government spending. Proposed changes include altering SNAP work requirements (affecting families with children over 10 instead of 7) and reducing the SALT deduction cap from the House's $40,000 proposal. These adjustments, along with potential border funding reductions and Medicaid reforms, are intended to achieve historic spending cuts.

foxnews.com

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Jun 7, 16:11

House Vote Tests Congress on Trump's $9.4 Billion Spending Cuts

The House will vote next week on President Trump's $9.4 billion spending cut proposal, targeting PBS, NPR, and USAID; Republican allies see it as a test of Congress's commitment to fiscal responsibility, with failure potentially leading to alternative strategies like 'pocket rescissions'.

House Vote Tests Congress on Trump's $9.4 Billion Spending Cuts

The House will vote next week on President Trump's $9.4 billion spending cut proposal, targeting PBS, NPR, and USAID; Republican allies see it as a test of Congress's commitment to fiscal responsibility, with failure potentially leading to alternative strategies like 'pocket rescissions'.

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What alternative strategies might the White House pursue if the spending cut proposal fails to pass Congress?

The proposed cuts are framed as a test of whether Congress can deliver on its stated goals of fiscal responsibility. Success would signal a willingness to cut spending, while failure might prompt the White House to explore alternative methods like 'pocket rescissions', which would allow funds to expire without Congressional action. This is the first of several potential rescissions packages.

edition.cnn.com

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Jun 4, 04:14

White House Submits $9.4 Billion Spending Cuts Request to Congress

The White House sent Congress a $9.4 billion spending cuts request, targeting programs like the Corporation for Public Broadcasting and the U.S. Agency for International Development, as part of DOGE's larger plan for $1 trillion in cuts; House Republicans aim for swift passage, but Democratic opposi...

White House Submits $9.4 Billion Spending Cuts Request to Congress

The White House sent Congress a $9.4 billion spending cuts request, targeting programs like the Corporation for Public Broadcasting and the U.S. Agency for International Development, as part of DOGE's larger plan for $1 trillion in cuts; House Republicans aim for swift passage, but Democratic opposi...

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How does this rescission package align with DOGE's broader fiscal agenda, and what are the potential obstacles to its passage through Congress?

This rescission package, while smaller than DOGE's overall goal, signifies the administration's commitment to spending cuts and its attempt to circumvent legal challenges. House Speaker Mike Johnson's pledge to expedite the process signals the Republican party's prioritization of fiscal restraint, reflecting broader political tensions around government spending. The 45-day congressional review period will be crucial to determining its fate.

foxnews.com

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May 28, 22:13

White House Proposes $9.4 Billion in Federal Spending Cuts

The White House will send Congress a $9.4 billion federal spending cut proposal next week, targeting NPR, PBS, and the U.S. Agency for International Development, as part of a Republican effort to reduce government spending, prompting a 45-day review period before expiration.

White House Proposes $9.4 Billion in Federal Spending Cuts

The White House will send Congress a $9.4 billion federal spending cut proposal next week, targeting NPR, PBS, and the U.S. Agency for International Development, as part of a Republican effort to reduce government spending, prompting a 45-day review period before expiration.

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What is the immediate impact of the White House's proposed $9.4 billion spending cut package on federal programs and the legislative process?

The White House plans to submit a "rescissions package" to Congress next week, aiming to cut roughly $9.4 billion in federal spending. This package primarily targets funds allocated to NPR, PBS, and the U.S. Agency for International Development, reflecting the Republican Party's commitment to reducing government spending. Lawmakers have a 45-day window to act on the proposal before it expires.

us.cnn.com

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May 23, 01:12

Senate Republicans Reject House GOP Spending Bill, Demanding Deeper Cuts

The House GOP passed a $1.5 trillion spending cuts bill, but it faces strong Senate opposition over Medicaid work requirements, the spectrum auction plan, and deeper spending cuts demanded by Senate Republicans, jeopardizing its passage.

Senate Republicans Reject House GOP Spending Bill, Demanding Deeper Cuts

The House GOP passed a $1.5 trillion spending cuts bill, but it faces strong Senate opposition over Medicaid work requirements, the spectrum auction plan, and deeper spending cuts demanded by Senate Republicans, jeopardizing its passage.

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How do the differing views on Medicaid reform within the Senate Republican party reflect broader ideological divisions within the party?

Senate Republicans are demanding more aggressive spending cuts than the House bill's $1.5 trillion, with some senators aiming to significantly reduce Medicaid spending. Disagreements over Medicaid work requirements, the spectrum auction, and tax deductions highlight deep divisions within the GOP. The Senate's willingness to rewrite the bill signifies a major hurdle for its passage.

foxnews.com

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May 19, 22:11

Republican infighting on national debt bill

Former Rep. Bob Good (R-VA) criticized fellow Republicans for failing to adequately address the over \$36.2 trillion national debt, calling their approach to the "One Big Beautiful Bill" insufficient and focusing on short-term solutions. The House Freedom Caucus echoed these concerns, emphasizing th...

Republican infighting on national debt bill

Former Rep. Bob Good (R-VA) criticized fellow Republicans for failing to adequately address the over \$36.2 trillion national debt, calling their approach to the "One Big Beautiful Bill" insufficient and focusing on short-term solutions. The House Freedom Caucus echoed these concerns, emphasizing th...

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How does the internal conflict within the Republican Party regarding the "One Big Beautiful Bill" reflect broader challenges in achieving effective fiscal policy?

Good's criticism highlights a broader struggle within the Republican Party to balance fiscal conservatism with political realities. While some, like OMB Director Russ Vought, defend the bill's \$1.6 trillion in proposed savings, Good argues that it's insufficient and that the party's focus on short-term gains undermines long-term fiscal stability. This internal conflict reflects broader challenges in achieving bipartisan consensus on fiscal policy.

Showing 13 to 24 of 73 results