spot_img

U.S. Senate passes budget framework after series of overnight votes

The U.S. Senate passed a budget framework early Saturday that would extend the Tax Cuts and Jobs Act from President Donald Trump’s first term and raise the debt ceiling by up to $5 trillion. It also would increase spending for border security and national defense but cut spending elsewhere.

The 51-48 vote through the reconciliation process was largely along party lines. Two Republicans split from their party and voted against the package – U.S. Sens. Rand Paul of Kentucky and Susan Collins of Maine.

The reconciliation process allows Republicans to avoid a Democrat filibuster and requires only a simple majority vote – 51 instead of 60 – to pass.

Democrats tried to add a series of amendments during the marathon overnight voting session, none of them successful.

In one amendment, Minority Leader Chuck Schumer took aim at Trump’s sweeping reciprocal tariffs, announced Wednesday. It failed to pass. Another targeted the president’s new Department of Government Efficiency. It also failed to pass.

- Advertisement -

One controversial aspect of the framework treats the first-term Trump tax cuts as a current policy baseline, or a continuation of current law. That allows Republicans to zero out the future cost of the tax cuts and reduce the amount of expense reductions needed to offset the actual costs. Conservatives in the U.S. House, which passed its own, similar resolution, have called that a budget gimmick.

It remains unclear if the Republican majority in the House will get in line and pass the Senate’s version.

“Tonight, the Senate took one small step toward reconciliation and one giant leap toward making the tax cuts permanent, securing the border, providing much-needed help for the military and finally cutting wasteful Washington spending,” U.S. Sen. Lindsay Graham, R. SC, wrote on X after the vote. “Well done.”

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Men of Color Expo – Celebrating Men of Excellence

Tinker Federal Credit Union & PPBC Present Men of Color...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Amendment 3 rejection leaves Louisiana universities without $70M in savings

(The Center Square) — Louisiana colleges and public school...

Everyday Economics: The economy is still standing, but the squeeze Is building

This week brings three important reads on the economy:...

No raises for Louisiana teachers amid voters rejecting all 5 amendments

(The Center Square) – Louisiana voters rejected all five...

Kentucky to select candidates in high profile races

(The Center Square) - Kentucky voters will head to...

General fund revenue for fiscal years 2026, 2027 up $2.6B

(The Center Square) – North Carolina’s general fund revenue...

Alabama voters to elect candidates in redrawn map

(The Center Square) - Alabama voters will head to...

Do midterm redistricting efforts favor Republicans?

The U.S. Supreme Court slapped down an appeal from...

Illinois lawmaker calls for Aurora mayor’s resignation over alleged ICE ‘doxxing’

(The Center Square) – Illinois state Rep. Adam Niemerg,...

More like this
Related

Amendment 3 rejection leaves Louisiana universities without $70M in savings

(The Center Square) — Louisiana colleges and public school...

Everyday Economics: The economy is still standing, but the squeeze Is building

This week brings three important reads on the economy:...

No raises for Louisiana teachers amid voters rejecting all 5 amendments

(The Center Square) – Louisiana voters rejected all five...

Kentucky to select candidates in high profile races

(The Center Square) - Kentucky voters will head to...