Showing posts with label Debt Ceiling. Show all posts
Showing posts with label Debt Ceiling. Show all posts

Jan 7, 2025

Speaker Johnson: Our Goal Is to 'Cut' Govt, Spending, Waste


Speaker Johnson Talks Raising Debt Limit and Tackling Trump's Legislative Priorities


'House Speaker Mike Johnson, R-La., told Newsmax on Monday that raising the debt ceiling will be part of the reconciliation package ...our goal and our mandate is to cut the government, cut spending, root out fraud, waste, and abuse, and reduce the size and scope of government and all these regulations that will help fuel the economy."

Trump on Sunday said he wanted to tackle securing the border, cutting taxes, and setting an energy policy in one package, although a day later he said his priority is to get his agenda passed, even if it means multiple bills.

Johnson mentioned that reconciliation is the best means to get a package passed...If the budget calls for reconciliation, it tells certain committees to change spending, revenues, deficits, or the debt limit by specific amounts. Each committee writes a bill to achieve its target, and if more than one committee is told to act, the Budget Committee puts the bills together into one big bill.

That bill has special status in the Senate. Like the budget, it cannot be filibustered, and only needs a simple majority to pass. ...
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Reference: www.newsmax.com
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Dec 21, 2024

Democrats Excited About Another Win Against Trump | Congress averts shutdown after House GOP drops Trump’s debt limit demand


Congress averts shutdown after House GOP drops Trump’s debt limit demand


'...CNN — Congress voted to avert a shutdown early Saturday morning after House GOP leaders dropped a demand from Donald Trump over the debt limit...The House voted Friday evening and the Senate voted shortly after midnight to pass a bill that extends government funding into March and provides disaster relief and farm aid, but does not include a suspension of the debt limit, which Trump had called on Republicans to address. President Joe Biden must still sign the stopgap bill into law. ...Democrats balked at the plan, arguing that the GOP effort to suspend the debt limit would help Trump pass his tax plan.'


Reference: www.cnn.com
Tags: Democrats Again Thwart Trump Plans,