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

Top Trump ally predicts Senate will blow past ‘big, beautiful bill’ deadline

admin by admin
June 19, 2025
in News
0
Top Trump ally predicts Senate will blow past ‘big, beautiful bill’ deadline
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

A Senate fiscal hawk doesn’t believe Republicans can hit their own self-imposed timeline to pass President Donald Trump’s ‘big, beautiful bill.’

Senate Republicans are racing against the clock to finish work on their version of the president’s colossal bill after the House GOP advanced its offering late last month. 

So far, each of the 10 Senate committees has unveiled a portion of the bill and are fine-tuning each chunk to conform with Senate rules and address concerns among varying factions in the conference.

Republican leaders are gunning to put the package on the floor next week, ahead of a scheduled recess for Independence Day, but Sen. Ron Johnson, R-Wis., believes there is enough resistance against the bill to torpedo that timeline.  

‘I think we have enough people that are saying, ‘No, we’re not going to proceed to the bill prior to July 4.’’ he said. ‘We need more time, but I think our efforts now are concentrated.’

Johnson has long been pushing for far deeper cuts in the package, far beyond the goal of $1.5 trillion set in the House’s offering and the pursuit of $2 trillion in cuts in the Senate’s package to begin putting a major dent in the nation’s deficit.

The lawmaker’s remarks came during a press call where he debuted his 31-page report on the GOP’s quest to ram the president’s agenda through Congress. 

The report offered a variety of scenarios of the deficit and growth impacts the Republicans’ plan could have based on varying levels of compound annual growth rates that varied from over 2%, 3% and 4%. 

The report was meant to be a thumb in the face of the Congressional Budget Office’s findings on the bill and overall state of federal spending and deficits. But it also rejected the arguments made by Republican leaders and the White House in its pursuit of showing the reality of the nation’s fiscal health and the effect the ‘big, beautiful bill’ could have on it. 

Ron Johnson acknowledged the sentiments of House Speaker Mike Johnson, R-La., and Trump that the spending cuts achieved in the House product were unprecedented but countered that ‘we’ve faced an unprecedented level of spending increase’ since the pandemic.  

‘You can argue about the twigs and leaves on the forest floor, but I’m forcing everybody to take a step back and look at the look at the forest,’ Ron Johnson said. ‘It’s blazing, and we got to put this forest fire out.’

There are others with varying concerns, including the addition of a debt-ceiling hike and proposed changes to Medicaid, who could form a multi-faceted coalition to tank the bill.

Thune can only afford to lose three votes if he hopes to pass the bill, given that the nature of the budget reconciliation process skirts the filibuster and that Democrats have been iced out of the process thus far.

Ron Johnson noted that he hoped Senate Majority Leader John Thune, R-S.D., wouldn’t put the full bill on the floor next week because ‘I really think it’ll be voted down.’

‘If we do vote it down, I don’t want anybody to interpret it as a slap in the face of either Leader Thune or President Trump,’ Ron Johnson said. ‘It’s just saying, ‘Guys, we need more time. The ball has been in the Senate court for two weeks.’

Johnson has been a proponent of breaking up the megabill into two or three chunks, rather than tackling it all in ‘one fell swoop.’ However, he acknowledged there would need to be some kind of mechanism that would allow lawmakers to have ‘at least two, if not three, bites at the apple.’

‘I understand this process is to kind of jam everybody, but let’s not do what Nancy Pelosi did and say, ‘Hey, got to pass this bill to figure out what’s in it,’’ he added. ‘Let’s know fully what’s in it. Let’s do as President Trump asked. … He wants the Senate to make a better bill.’

This post appeared first on FOX NEWS

Previous Post

Flaring Iran nuclear crisis provides first major test for pivotal Trump trio

Next Post

‘Instincts for restraint’: Senate divided over who gets to declare war

Next Post
‘Instincts for restraint’: Senate divided over who gets to declare war

‘Instincts for restraint’: Senate divided over who gets to declare war

  • 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
Denny’s set to close dozens more locations this year, though some openings planned too

Denny’s set to close dozens more locations this year, though some openings planned too

February 16, 2025
KFC moves U.S. headquarters from Kentucky to Texas

KFC moves U.S. headquarters from Kentucky to Texas

February 19, 2025
How Companies Use Derivatives To Hedge Risk

How Companies Use Derivatives To Hedge Risk

February 19, 2025
Citi Wealth CIO says traders ignoring warning signs in S&P 500

Citi Wealth CIO says traders ignoring warning signs in S&P 500

0
Amazon ‘anti-union propaganda,’ employee surveillance loom over labor vote at North Carolina warehouse

Amazon ‘anti-union propaganda,’ employee surveillance loom over labor vote at North Carolina warehouse

0
As Joann Fabrics and JCPenney announce store closings, here’s what’s driving the pattern

As Joann Fabrics and JCPenney announce store closings, here’s what’s driving the pattern

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
Citi Wealth CIO says traders ignoring warning signs in S&P 500

Citi Wealth CIO says traders ignoring warning signs in S&P 500

June 28, 2025
Roger Federer joins elite ranks of athlete billionaires

Roger Federer joins elite ranks of athlete billionaires

June 28, 2025
Top risks for top ETFs like VOO, QQQ, and DIA in the second half of 2025

Top risks for top ETFs like VOO, QQQ, and DIA in the second half of 2025

June 28, 2025
Cloudflare stock price forecast: eying ATH after flipping key resistance

Cloudflare stock price forecast: eying ATH after flipping key resistance

June 28, 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

    Citi Wealth CIO says traders ignoring warning signs in S&P 500

    Citi Wealth CIO says traders ignoring warning signs in S&P 500

    June 28, 2025
    Roger Federer joins elite ranks of athlete billionaires

    Roger Federer joins elite ranks of athlete billionaires

    June 28, 2025
    Top risks for top ETFs like VOO, QQQ, and DIA in the second half of 2025

    Top risks for top ETFs like VOO, QQQ, and DIA in the second half of 2025

    June 28, 2025
    Cloudflare stock price forecast: eying ATH after flipping key resistance

    Cloudflare stock price forecast: eying ATH after flipping key resistance

    June 28, 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