• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

Senate GOP pushes Trump budget framework through after marathon vote series

by April 5, 2025
by April 5, 2025

The Senate approved changes to the House’s budget resolution on Saturday after an hourslong series of amendment votes during which Democrats sought to put Republicans on record on issues like tariffs and the Department of Government Efficiency (DOGE). 

It passed mostly along party lines in a 51 to 48 vote.

The amended framework would raise the debt ceiling by up to $5 trillion within the reconciliation process, taking future leverage away from Senate Democrats. It would also make President Trump’s 2017 tax cuts permanent by using what’s called a current policy baseline that Budget Committee Chairman Lindsey Graham, R-S.C., decides.

The scoring tool essentially means the cost of making Trump’s tax cuts permanent would be factored at $0 because it extends current policy, rather than counting it as new dollars being added to the federal deficit.

Budget reconciliation lowers the vote threshold in the Senate from 60 to 51, which lets Republicans approve certain priorities with no Democrat support. 

Washington’s Republican trifecta thus sees reconciliation as a key tool for delivering on Trump agenda items. 

The Senate’s Friday night ‘vote-a-rama’ was triggered by the chamber agreeing to a motion to proceed to the budget resolution amendment on Thursday night. Nearly a day of debate followed before the vote series was initiated.

During this type of voting series, senators of both parties can introduce an unlimited number of amendments, and many get floor votes.

The budget would address border funding for the Trump administration as well as extend the hallmark tax cuts Trump passed in 2017. 

Initially, there was stark disagreement between Republicans in the House and Senate on how to organize a budget reconciliation resolution. The House GOP leaders preferred one bill with both the border and taxes included, while those in the Senate wanted to have two separate resolutions for them. 

But the House’s approach ultimately won out, with Trump supporting their plan. 

This post appeared first on FOX NEWS

0 comment
0
FacebookTwitterPinterestEmail

previous post
Was Jackie Robinson a DEI Hire?
next post
Sec Hegseth to visit Panama after Trump’s demands for canal’s return

Related Posts

Milei’s Argentina: Between Liberation and the Institutional Trap

March 6, 2026

A Praxeology of Productivity: Messy Humans, Not Machines,...

March 6, 2026

America’s Debt Is a National Security Risk 

March 6, 2026

House votes to let Trump’s Operation Epic Fury...

March 6, 2026

Fetterman backs Trump’s DHS pick Mullin as ‘nice...

March 6, 2026

Schumer weaponizes Mullin nomination to demand DHS overhaul,...

March 6, 2026

Canada’s Mark Carney under fire as ‘all over...

March 6, 2026

House Democrats vote to continue DHS shutdown despite...

March 6, 2026

DOJ continues Biden autopen probe despite former president...

March 6, 2026

US restores diplomatic relations with Venezuela amid push...

March 6, 2026

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

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

Recent Posts

  • Marvell Technology surges on upbeat outlook: why analysts are bullish

    March 7, 2026
  • Nio stock price forecast ahead of earnings: buy, sell, or hold?

    March 7, 2026
  • Embraer posts record $7.58B revenue in 2025 on strong jet demand

    March 7, 2026
  • Dow drops 900 points, S&P falls 1.6% as oil continues climb

    March 7, 2026
  • Why is Nvidia stock falling today?

    March 7, 2026
  • Indonesia Energy stock: is INDO a good long-term investment?

    March 7, 2026

Editors’ Picks

  • 1

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 2

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 3

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • ‘The Value of Others’ Isn’t Especially Valuable

    April 17, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (4,369)
  • Editor's Pick (530)
  • Investing (584)
  • Stock (2,747)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Zelenskyy outlines peace demands before high-stakes White...

August 17, 2025

Dem Sen. Mark Kelly fires back after...

March 28, 2025

Fed Goes Back to Basics with Framework...

August 30, 2025