Financial Trade Freedom - Investing and Stock News
  • Investing
  • News
  • Editor’s Pick
  • Economy
  • Stock
  • Investing
  • News
  • Editor’s Pick
  • Economy
  • Stock
No Result
View All Result
Financial Trade Freedom - Investing and Stock News
No Result
View All Result
Home News

Senate GOP braces for test vote on Trump’s $9.4B clawback package

admin by admin
July 15, 2025
in News
0
Senate GOP braces for test vote on Trump’s $9.4B clawback package
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Senate Republicans are gearing up to advance a multibillion-dollar clawback package from President Donald Trump, but dissent among the ranks threatens to stymie the process.

Senate Majority Leader John Thune, R-S.D., intends to put Trump’s $9.4 billion rescissions package, which would scrape back congressionally approved funding for a variety of so-called ‘woke’ programs that fund foreign aid and public broadcasting.

However, a handful of Senate Republicans have raised a fuss over $8.3 billion in cuts from the U.S. Agency for International Development (USAID), and over $1 billion from the Corporation for Public Broadcasting (CPB), the government-backed funding arm for NPR and PBS.

The bill is expected to have its first test vote on Tuesday, but questions remain about whether Thune has the votes.

Senate Republicans are set to meet with Office of Management and Budget Director Russ Vought, who became a near-constant presence on the Hill during the budget reconciliation process, in a bid to shore up support among concerned lawmakers.

Publicly, Sens. Susan Collins, R-Maine and Lisa Murkowski, R-Alaska, have expressed reservations about the package, particularly over proposed cuts to the Bush-era President’s Emergency Plan for AIDS Relief (PEPFAR) and the public broadcasting fund.

Collins said she still had concerns about the bill, and was coy about whether she would support its advancement — when asked if she’d vote to move it along, she smiled as the Senate elevator door shut. 

Sen. Mike Rounds, R-S.D., was similarly concerned about the bill because of slashes to public broadcasting that could have negative effects on tribal radio stations in rural areas, but he moved to back the bill after getting guarantees that roughly $10 million in Green New Deal money could be shifted to help pay for grants to keep the stations afloat. 

However, he was unsure if there was enough support to move the bill through its first test. 

‘I don’t have a head count on it, but my concerns have been taken care of,’ he said. 

And there are more lawmakers who have privately expressed their hangups about the bill. Sen. Thom Tillis, R-N.C., said that there were ‘several members’ who have raised issue with the package, and he too would like more information on the inner workings of the spending cuts. 

‘It’s important that we succeed on this package, because I hope this is just a warm-up for what should be tens of billions of dollars worth of rescission,’ he said. 

Thune can only afford to lose three votes and will receive no help from Senate Democrats in another hyper-partisan process.

An amendment process coming in the form of another vote-a-rama is expected, but changing the bill could have consequences in the House, where Republicans are warning their colleagues in the upper chamber to stomach the clawbacks as proposed by the White House.

Thune said he and his leadership team have been discussing issues with the package and trying to make possible changes to the legislation before it hits the floor.

‘I’m fine with it as is, but I think we have colleagues who would like to see some perhaps modest changes made, so we’re trying to find out if there’s a path forward that gets us 51 and stays consistent,’ he told reporters.

This post appeared first on FOX NEWS

Previous Post

Senate GOP agree to strip cuts to HIV, AIDs prevention program from Trump’s clawback bill

Next Post

Tilray Brands stock price is surging: time to buy or sell?

Next Post
Tilray Brands stock price is surging: time to buy or sell?

Tilray Brands stock price is surging: time to buy or sell?

  • Trending
  • Comments
  • Latest
U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low

U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low

February 19, 2025
Nexo named official crypto partner of Mifel Tennis Open

Nexo named official crypto partner of Mifel Tennis Open

June 26, 2025
How Companies Use Derivatives To Hedge Risk

How Companies Use Derivatives To Hedge Risk

February 19, 2025
KFC moves U.S. headquarters from Kentucky to Texas

KFC moves U.S. headquarters from Kentucky to Texas

February 19, 2025
BlackRock stock price tumbles: What went wrong and what’s next

BlackRock stock price tumbles: What went wrong and what’s next

0
From tariffs to DOGE, what companies are saying about the impact of MAGA policies

From tariffs to DOGE, what companies are saying about the impact of MAGA policies

0
Tesla’s law firm drafts Delaware bill that could salvage Musk pay package

Tesla’s law firm drafts Delaware bill that could salvage Musk pay package

0
Coca-Cola takes on Olipop and Poppi with new prebiotic soda brand, Simply Pop

Coca-Cola takes on Olipop and Poppi with new prebiotic soda brand, Simply Pop

0
BlackRock stock price tumbles: What went wrong and what’s next

BlackRock stock price tumbles: What went wrong and what’s next

July 16, 2025
Peter Thiel goes big on Bitmine stock: should you invest in Tom Lee’s firm too?

Peter Thiel goes big on Bitmine stock: should you invest in Tom Lee’s firm too?

July 16, 2025
President Trump considers firing Fed Chair Jerome Powell soon: report

President Trump considers firing Fed Chair Jerome Powell soon: report

July 16, 2025
Buy ASML stock despite its dire warning for 2026 – analyst says

Buy ASML stock despite its dire warning for 2026 – analyst says

July 16, 2025

    Get Smarter with Your Money – Sign Up for Free Financial Tips!


    Join our community of savvy savers and investors! By signing up, you'll receive weekly emails packed with personalized financial tips, budgeting hacks, and investment strategies tailored to your income level. Take control of your finances today – it’s free and only takes a minute!

    Recent News

    BlackRock stock price tumbles: What went wrong and what’s next

    BlackRock stock price tumbles: What went wrong and what’s next

    July 16, 2025
    Peter Thiel goes big on Bitmine stock: should you invest in Tom Lee’s firm too?

    Peter Thiel goes big on Bitmine stock: should you invest in Tom Lee’s firm too?

    July 16, 2025
    President Trump considers firing Fed Chair Jerome Powell soon: report

    President Trump considers firing Fed Chair Jerome Powell soon: report

    July 16, 2025
    Buy ASML stock despite its dire warning for 2026 – analyst says

    Buy ASML stock despite its dire warning for 2026 – analyst says

    July 16, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: FinancialTradeFreedom.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 financialtradefreedom.com | All Rights Reserved

    No Result
    View All Result
    • About us
    • Contacts
    • Email Whitelisting
    • Investing and Stock News
    • Privacy Policy
    • Terms and Conditions
    • Thank you

    Disclaimer: FinancialTradeFreedom.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 financialtradefreedom.com | All Rights Reserved