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

Dem bid to end Trump energy emergency squashed after forced Senate vote

by
February 27, 2025
in Latest News
0
Dem bid to end Trump energy emergency squashed after forced Senate vote

Democrats in the Senate failed to pass a resolution that would have reversed President Donald Trump’s executive order on ‘Unleashing American Energy’ in a 53-47 party-line vote.

The White House argued that scrapping the emergency would endanger nearly 900,000 jobs and have a negative $3.6 trillion impact. The order encourages domestic energy production on federal lands and nixed a Biden-era push to strive for more electric vehicles on the road.

‘Tim Kaine wants to impoverish Americans. President Donald Trump’s executive order brings America into the future and unleashes prosperity. Senator [Tim] Kaine wants to cost the economy trillions and risk losing nearly a million jobs,’ deputy press secretary Anna Kelly said in an exclusive statement to Fox News Digital on Tuesday.

The resolution was introduced by Democratic Sens. Tim Kaine and Martin Heinrich as they argued the emergency declaration made by the president would ‘benefit big oil’ but harm Americans, according to a statement provided by the lawmakers to Fox News Digital on Tuesday.

‘The Trump Administration is living in a fantasy land,’ the Democratic senators stated. ‘Energy demand is high and only getting higher, which is why it’s great that America is producing more energy than at any other point in our history. Decreasing the supply of American-made energy when demand is high is the quickest way to raise prices—and that’s exactly what President Trump’s sham energy emergency will do.’

‘By tampering with the market to favor some forms of energy over others and making it easier for fossil fuel companies to take Americans’ private property, Trump’s emergency declaration will benefit Big Oil, but leave American consumers with fewer choices and higher bills.’

Earlier on Wednesday, Sen. John Barrasso, R-Wyo., slammed the resolution as Democrats ‘trying to block common-sense measures’ to tackle ‘painfully high prices.’

‘After four years of reckless regulations and restrictions, energy prices have jumped 31 percent. Families are feeling it all across the country. To most Americans, this is the definition of an energy emergency. To Senate Democrats, it’s an inconvenient truth,’ he said in a floor speech.  

‘This National Energy Emergency is part of President Trump’s swift actions, actions to unleash American energy. It’s part this broader vision of affordable, reliable, available American energy. Democrats oppose that,’ the Republican continued.

Senate Majority Leader John Thune, R-S.D., also slammed the Democrat effort: ‘Thanks in substantial part to a movement to shut down fossil-fuel-fired power plants before reliable sources of clean energy are available to replace them, America is running out of power even as we face huge new power demands. … If we don’t take action, we are going to be facing some very serious problems in the very near future, so I’m grateful to have a president who recognizes and acknowledges the energy emergency facing our nation.’

Senate Energy Committee Chairman Mike Lee, R-Utah, said, ‘Senate Democrats are yet again attempting to block President Trump’s efforts to secure cheaper, more reliable energy—just when America needs it most. Their message to families is clear: pay more, expect less.’

The Trump administration emphasized that ending the emergency would bring back Biden-era policies. A White House document obtained by Fox News Digital stressed that under those policies, during Biden’s first two years, families spent an extra $10,000 in energy costs on average, citing a study published by the Committee to Unleash Prosperity. 

The document cited that estimates of liquefied natural gas (LNG) growth in the new administration were projected to bring in half a million jobs annually and boost U.S. GDP by $1.3 trillion through 2040, per a study by S&P Global in December. 

This post appeared first on FOX NEWS
Previous Post

Tulsi Gabbard gives exclusive glimpse of Trump’s first Cabinet meeting

Next Post

Nvidia to report earnings amid infrastructure spending, DeepSeek concerns

Next Post
Nvidia to report earnings amid infrastructure spending, DeepSeek concerns

Nvidia to report earnings amid infrastructure spending, DeepSeek concerns

  • Trending
  • Comments
  • Latest
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
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
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 compares Dems to kamikaze pilots: ‘They’ll take down the country if they have to’

Trump compares Dems to kamikaze pilots: ‘They’ll take down the country if they have to’

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 compares Dems to kamikaze pilots: ‘They’ll take down the country if they have to’

Trump compares Dems to kamikaze pilots: ‘They’ll take down the country if they have to’

November 5, 2025
Trump compares Dems to kamikaze pilots: ‘They’ll take down the country if they have to’

Trump compares Dems to kamikaze pilots: ‘They’ll take down the country if they have to’

November 5, 2025
Trump says election results not good for Republicans, citing 2 possible reasons

Trump says election results not good for Republicans, citing 2 possible reasons

November 5, 2025
Trump says election results not good for Republicans, citing 2 possible reasons

Trump says election results not good for Republicans, citing 2 possible reasons

November 5, 2025

    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 compares Dems to kamikaze pilots: ‘They’ll take down the country if they have to’

    Trump compares Dems to kamikaze pilots: ‘They’ll take down the country if they have to’

    November 5, 2025
    Trump compares Dems to kamikaze pilots: ‘They’ll take down the country if they have to’

    Trump compares Dems to kamikaze pilots: ‘They’ll take down the country if they have to’

    November 5, 2025
    Trump says election results not good for Republicans, citing 2 possible reasons

    Trump says election results not good for Republicans, citing 2 possible reasons

    November 5, 2025
    Trump says election results not good for Republicans, citing 2 possible reasons

    Trump says election results not good for Republicans, citing 2 possible reasons

    November 5, 2025

    Top News

    Trump compares Dems to kamikaze pilots: ‘They’ll take down the country if they have to’

    Trump compares Dems to kamikaze pilots: ‘They’ll take down the country if they have to’

    November 5, 2025
    Trump compares Dems to kamikaze pilots: ‘They’ll take down the country if they have to’

    Trump compares Dems to kamikaze pilots: ‘They’ll take down the country if they have to’

    November 5, 2025

    Latest News

    • Trump compares Dems to kamikaze pilots: ‘They’ll take down the country if they have to’
    • Trump compares Dems to kamikaze pilots: ‘They’ll take down the country if they have to’
    • Trump says election results not good for Republicans, citing 2 possible reasons

    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.