• About us
  • Privacy Policy
  • Terms & Conditions
Investment Innovate
Advertisement
  • World News
  • Politics
  • Business
  • Investing
No Result
View All Result
  • World News
  • Politics
  • Business
  • Investing
No Result
View All Result
Investment Innovate
No Result
View All Result
Home Politics

Senate GOP lawmakers bash $1.66 trillion Johnson-Schumer budget agreement: ‘Can and must do better’

January 9, 2024
in Politics
0
Senate GOP lawmakers bash $1.66 trillion Johnson-Schumer budget agreement: ‘Can and must do better’
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter
Read this article for free!
Plus get unlimited access to thousands of articles, videos and more with your free account!
Please enter a valid email address.
By entering your email, you are agreeing to Fox News Terms of Service and Privacy Policy, which includes our Notice of Financial Incentive. To access the content, check your email and follow the instructions provided.

Several GOP senators, in alignment with House Republicans, expressed outrage over the agreed-upon annual government spending cap of $1.59 trillion brokered between House Speaker Mike Johnson and Senate Majority Leader Chuck Schumer over the weekend. 

Lawmakers argued Monday that this figure neglects ample Republican suggestions for budget cuts. Meanwhile, the first spending deadline is fast approaching on Jan. 19. That means there are just eight legislative days until Congress must pass the first batch of appropriations to fund several federal agencies to avert a government shutdown. The second deadline is Feb. 2. 

‘As the House Freedom Caucus has noted, the actual spending levels in this plan are nearly $100 billion above what we are being promised, but mostly preserve all the pre-existing funding for Biden’s priorities,’ Sen. Mike Lee, R-Utah told Fox News Digital on Monday. 

‘At a time when we’re $34 trillion in debt and inflation is hollowing out America’s middle class, Republicans can and must do better than this,’ he said. 

The $1.59 trillion figure was part of an agreement mandated by the Fiscal Responsibility Act (FRA) last year, a compromise reached during debt limit talks between President Biden and then-Speaker Kevin McCarthy, R-Calif. 

Democratic leaders said the final top line would also include an additional $69 billion in nondefense discretionary spending that was part of a McCarthy and Biden side deal at the time. That would bring the total to roughly $1.66 trillion, a figure the House Freedom Caucus called ‘a total figure.’

The budget comprises of $886 billion allocated for defense and $704 billion designated for nondefense expenses.

Sen. Roger Marshall, R-Kans., a member of the upper chamber’s budget committee, said there will be at least a dozen Republican senators who ‘are going to have to look twice at this number.’ Nonetheless, he thinks the budget in its current form will still reach the 60 votes needed to pass.

‘Speaker Johnson is gonna have to try really hard to get his conference on board with this, but I don’t think he’s going to ever get more than 90% of them on board with it,’ Marshall told Fox News Digital on Monday. 

‘He needs every vote he can get, and they’re going to want to argue about this $70 billion, which is important — that’s a lot of money,’ he said. 

According to Johnson, the achieved Republican concessions involve $10 billion in extra cuts to IRS mandatory funding (totaling $20 billion) and a $6.1 billion reduction from the Biden administration’s ongoing COVID-related funds.

Johnson said the new agreement would see some additional cuts to discretionary spending to offset the deal.

However, a potential confrontation is approaching. Johnson has emphasized his desire to include conservative policy additions in the ultimate spending agreement.

Opening up the next legislative session Monday afternoon, Sen. Majority Leader Chuck Schumer, D-N.Y., said on the floor that ‘both parties reached this agreement without resorting to the painful and draconian cuts that the hard right, particularly those in the Freedom Caucus clamored for.’

‘And make no mistake, Democrats have made clear to Speaker Johnson that we will not support the inclusion of any poison pills in any of the 12 appropriation bills before the Congress,’ he said.

Fox News’ Elizabeth Elkind contributed to this report. 

This post appeared first on FOX NEWS

Previous Post

House Republican to file impeachment articles against Lloyd Austin

Next Post

Gabriel Attal, 34, becomes France’s youngest prime minister in decades

Next Post
Gabriel Attal, 34, becomes France’s youngest prime minister in decades

Gabriel Attal, 34, becomes France’s youngest prime minister in decades

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Israel vows to ‘defend ourselves alone’ after Trump strikes truce with Houthis

    Israel vows to ‘defend ourselves alone’ after Trump strikes truce with Houthis

    May 9, 2025
    This company’s edible skincare products are full of ‘raw Ghanaian goodness’

    This company’s edible skincare products are full of ‘raw Ghanaian goodness’

    May 9, 2025
    Robert Prevost elected as first American pope and takes the name Leo XIV

    Robert Prevost elected as first American pope and takes the name Leo XIV

    May 9, 2025
    Ukrainians on front line say Russians keep breaking Putin’s ceasefire

    Ukrainians on front line say Russians keep breaking Putin’s ceasefire

    May 9, 2025
    • About us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investmentinnovate.com | All Rights Reserved

    No Result
    View All Result
    • World News
    • Politics
    • Business
    • Investing

    Copyright © 2025 investmentinnovate.com | All Rights Reserved