Fiscal Policy & Budget - The Senate bill added approximately $750 billion to the federal deficit and debt [3][6] - The House Freedom Caucus aims to reduce the deficit growth by $300-500 billion through compromise [9] - The CBO estimates the bill's cost at $3.8 trillion over ten years, based on a 1.8% growth estimate [11] - The administration estimates growth at 2.8%, which significantly alters the bill's financial impact [11] Legislative Process & Negotiation - The House and Senate have differing positions on the spending bill, necessitating compromise [4][15] - The House initially took a deficit-neutral position [15] - The Senate's early departure from Washington is viewed as a negotiating tactic [17][18] - The goal is to reach a compromise and get the bill to the President's desk, potentially by the middle of next week [6][16] Specific Policy Concerns - The Senate bill removed provisions blocking funding for transgender surgery for minors and stopping illegal aliens from receiving Medicaid [3] - The Senate bill scaled back Green New Deal provisions from the House bill [4]
Rep. Andy Harris: Adding $750B to an already large deficit and debt 'is probably not a good idea'
CNBC Televisionยท2025-07-02 11:29