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

The Hitchhiker’s Guide to House Republicans releasing their tax and spending cut plan

by
February 7, 2025
in Latest News
0
The Hitchhiker’s Guide to House Republicans releasing their tax and spending cut plan

House Republican leaders spent nearly five hours at the White House on Thursday – some of it with President Donald Trump – as they tried to finalize the outline of their tax and spending cut package. 

The plan is to release a framework with some numbers in the coming days. 

Fox is told to expect north of $1 trillion in spending cuts. The bill would make permanent the 2017 Trump tax cuts. It is also likely the bill includes a provision to bar taxes on tips. 

House Republicans hoped to have a bill ready to go before the Budget Committee this week after their retreat at Mar-a-Lago. 

But no dice. 

Republicans hope to prep this bill before the House Budget Committee next week. 

When asked if a plan would be unveiled Friday, Speaker Mike Johnson told Fox News, ‘nothing today’ on paper or details of a budget package.

‘There won’t be any details announced until the end of the weekend. Possibly not until Monday,’ he said.

He said the committee markup may come Tuesday, but that there are a couple of details to ‘work out.’

When asked about including the debt ceiling in the bill, Johnson replied, ‘I think that probably will be part of it, yes.’

Asked if Democrats walked away from talks to avert a March government shutdown, he replied, ‘It seems that way. From their comments, Leader [Hakeem] Jeffries seemed to be trying to set up some sort of a government shutdown. We have been negotiating in good faith, trying to get a topline number. But so far as I know, they’ve been unresponsive the past two days or so.’

Republicans need a budget framework adopted on the floor so they can use the budget reconciliation tool to bypass a Senate filibuster. No budget? No reconciliation option. 

House GOPers are feeling pressure from Senate Republicans who are pressing ahead with their own plan. Senate Republicans dine at Mar-a-Lago tonight with President Trump. 

House Republicans are worried if they stumble at moving first, they could get jammed by the Senate. 

This post appeared first on FOX NEWS
Previous Post

Iran’s supreme leader says nuclear talks with Trump admin would not be ‘wise’

Next Post

NIH resumes critical grant-making process after federal communications freeze at HHS

Next Post
NIH resumes critical grant-making process after federal communications freeze at HHS

NIH resumes critical grant-making process after federal communications freeze at HHS

  • 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
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
Markets may be repeating the mistake of 2019, Goldman Sachs warns

Markets may be repeating the mistake of 2019, Goldman Sachs warns

January 27, 2025
Trump delivers ultimatum to Hamas: Accept deal and release hostages or pay the consequences

Trump delivers ultimatum to Hamas: Accept deal and release hostages or pay the consequences

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 delivers ultimatum to Hamas: Accept deal and release hostages or pay the consequences

Trump delivers ultimatum to Hamas: Accept deal and release hostages or pay the consequences

September 7, 2025
Trump delivers ultimatum to Hamas: hostages home or pay the consequences

Trump delivers ultimatum to Hamas: hostages home or pay the consequences

September 7, 2025
With friends like these pushing to dismantle Trump’s Middle East peace deal, who needs enemies?

With friends like these pushing to dismantle Trump’s Middle East peace deal, who needs enemies?

September 7, 2025
Trump nominees pile up as GOP weighs rule shift once floated by Democrats

Trump nominees pile up as GOP weighs rule shift once floated by Democrats

September 7, 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 delivers ultimatum to Hamas: Accept deal and release hostages or pay the consequences

    Trump delivers ultimatum to Hamas: Accept deal and release hostages or pay the consequences

    September 7, 2025
    Trump delivers ultimatum to Hamas: hostages home or pay the consequences

    Trump delivers ultimatum to Hamas: hostages home or pay the consequences

    September 7, 2025
    With friends like these pushing to dismantle Trump’s Middle East peace deal, who needs enemies?

    With friends like these pushing to dismantle Trump’s Middle East peace deal, who needs enemies?

    September 7, 2025
    Trump nominees pile up as GOP weighs rule shift once floated by Democrats

    Trump nominees pile up as GOP weighs rule shift once floated by Democrats

    September 7, 2025

    Top News

    Trump delivers ultimatum to Hamas: Accept deal and release hostages or pay the consequences

    Trump delivers ultimatum to Hamas: Accept deal and release hostages or pay the consequences

    September 7, 2025
    Trump delivers ultimatum to Hamas: hostages home or pay the consequences

    Trump delivers ultimatum to Hamas: hostages home or pay the consequences

    September 7, 2025

    Latest News

    • Trump delivers ultimatum to Hamas: Accept deal and release hostages or pay the consequences
    • Trump delivers ultimatum to Hamas: hostages home or pay the consequences
    • With friends like these pushing to dismantle Trump’s Middle East peace deal, who needs enemies?

    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.