Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

SCOOP: House fiscal hawks warily accept Senate’s $9B Trump spending cuts package

by
July 17, 2025
in Latest News
0
SCOOP: House fiscal hawks warily accept Senate’s $9B Trump spending cuts package

Some House fiscal hawks are cautiously readying to accept the $9 billion spending cuts package passed by the Senate overnight.

The House of Representatives must pass the bill, called a rescissions package, by Friday.

Rescissions packages are spending cuts requested by the White House of funds that Congress already appropriated for that fiscal year. 

It’s a process that lets Republicans sideline Democrats by lowering the Senate’s threshold for passage from 60 votes to 51, but the request must be considered within 45 days. If that window passes, the funds must be re-obligated.

As of Thursday morning, at least three conservatives – Reps. Chip Roy, R-Texas, Tim Burchett, R-Tenn., and Ralph Norman, R-S.C. – signaled to Fox News Digital that they are leaning toward supporting it.

It’s good news for House GOP leaders who are dealing with a razor-thin, three-vote margin. 

A group of House conservatives wrote to the Senate earlier this week warning them not to change any part of the original $9.4 billion spending cuts package – though they stopped short of threatening to vote against it.

The Senate version of the bill rolled back a spending cut for an HIV/AIDS research program in Africa after concerns were raised by Senate Appropriations Committee Chair Susan Collins, R-Maine, and others.

It wound up passing 51-48 after 2 a.m. on Thursday, with Collins and Sen. Lisa Murkowski, R-Alaska, voting against the bill.

It’s highly unlikely the minimal change will stir a significant rebellion, particularly after the White House green-lit the change. But leaders can afford few missteps.

Like the House, the Senate GOP’s majority is just three votes – and with all Democrats in both chambers prepared to vote against the legislation, Republicans are counting every vote.

Roy told Fox News Digital he would support the bill on the House floor ‘if I understand what [the] Senate passed correctly.’

Burchett said, ‘I think so,’ when asked if he would vote for the bill, and Norman responded, ‘yes,’ when asked as well.

Of the three, just Norman signed conservatives’ letter warning, ‘In order to facilitate President Trump’s voter mandate, the Senate must pass the entire $9.4 billion of spending cuts in the rescission bill. Weakening any of these provisions would undermine both his leadership and the discipline our budget urgently demands.’

The bill would cut roughly $8 billion from the U.S. Agency for International Development (USAID) and $1 billion from the Corporation for Public Broadcasting, which deals federal grants to NPR and PBS.

It’s expected to come before the House Rules Committee sometime Thursday, the final gatekeeper before a chamber-wide vote.

If the House passes it on Thursday or Friday, it heads to President Donald Trump’s desk for a signature.

Fox News Digital’s Alex Miller contributed to this report.

This post appeared first on FOX NEWS
Previous Post

Two Republicans vote against Trump’s $9 billion clawback of foreign aid, NPR funding

Next Post

Civil rights group declares ‘state of emergency,’ pointing at Trump admin

Next Post
Civil rights group declares ‘state of emergency,’ pointing at Trump admin

Civil rights group declares ‘state of emergency,’ pointing at Trump admin

  • Trending
  • Comments
  • Latest
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
Analysis-To weather Trump, emerging market investors look to the frontier

Analysis-To weather Trump, emerging market investors look to the frontier

January 27, 2025
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

March 13, 2026
Analysis-To weather Trump, emerging market investors look to the frontier

Analysis-To weather Trump, emerging market investors look to the frontier

March 13, 2026
China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

March 13, 2026
Fuji Media, rocked by sexual misconduct allegations, says executives to resign

Fuji Media, rocked by sexual misconduct allegations, says executives to resign

March 13, 2026

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

    Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

    March 13, 2026
    Analysis-To weather Trump, emerging market investors look to the frontier

    Analysis-To weather Trump, emerging market investors look to the frontier

    March 13, 2026
    China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

    China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

    March 13, 2026
    Fuji Media, rocked by sexual misconduct allegations, says executives to resign

    Fuji Media, rocked by sexual misconduct allegations, says executives to resign

    March 13, 2026

    Top News

    Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

    Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

    March 13, 2026
    Analysis-To weather Trump, emerging market investors look to the frontier

    Analysis-To weather Trump, emerging market investors look to the frontier

    March 13, 2026

    Latest News

    • Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP
    • Analysis-To weather Trump, emerging market investors look to the frontier
    • China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.