Spending Bill
Search documents
Trump, Congressional Leaders to Meet as Shutdown Looms
Bloomberg Television· 2025-09-29 10:09
President Trump set to meet with congressional leaders, including Senator Chuck Schumer and John Thune. Also Congressman Jeffries at the White House today to see if the Democrats and Republicans can hash out a short term spending bill and avoid a government shutdown with federal funding due to expire tomorrow. Bloomberg's karaoke machine joins us now from Washington.What do we know about what both sides want after the weekend. We know for sure that the deadline is fast approaching. Government funding is exp ...
X @The Wall Street Journal
The Wall Street Journal· 2025-09-16 19:17
House Republicans unveiled a spending bill that funds the government at current levels through mid-November but omits healthcare money sought by Democrats https://t.co/YfsH5JN2d6 ...
X @Bloomberg
Bloomberg· 2025-09-16 17:02
House Republicans unveiled a stopgap spending bill to keep the US government open past an Oct. 1 shutdown deadline, daring Democrats to vote against the measure, which does not contain health-care policies they have demanded. https://t.co/QBTvSnMgEA ...
X @Forbes
Forbes· 2025-07-04 21:58
#BREAKING NEWS: Pres. Trump signed the “One Big Beautiful Bill,” the spending bill containing his signature policies, marking the culmination of months of negotiations that concluded just before the July 4 deadline Trump set to sign the bill into law.https://t.co/RBYXceC59Z ...
This Morning’s Top Headlines – July 4 | Morning News NOW
NBC News· 2025-07-04 12:30
Government Policy & Legislation - President Trump's tax cut and spending bill passed, heading to his desk to be signed into law [1] - The bill includes extending tax cuts, new military spending, and funding for a mass deportation plan, paid for partly by cuts to food aid, clean energy, and Medicaid [3] - The bill eliminates taxes on tips and overtime [7] - The nonpartisan Congressional Budget Office estimates the bill will cause nearly 12 million people to lose healthcare coverage and add approximately $3 trillion to the national debt [11][12] Political Landscape - The bill passed largely on party lines, with some Republican holdouts needing persuasion [2][4] - Democrats strongly opposed the bill, attacking its overhaul of social safety net programs [6] - Republicans view the bill as fulfilling campaign promises, including no taxes on tips and overtime pay [13] - The bill is expected to be a political football, with Democrats planning to campaign against Republicans in the midterms [12][13] Immigration & Border Security - The bill includes funding for border security [3][13] - A new immigration detention center in Florida, dubbed "Alligator Alcatraz," has opened, raising human rights concerns [18][19] - Lawmakers have been denied access to the facility, leading to concerns about inhumane conditions and environmental impacts [19][20] - The facility has approximately 3,000 to 5,000 beds to house migrants [21] Social Issues - The Supreme Court will review state laws banning transgender athletes from competing in girls' and women's sports [23] - The cases concern whether such laws violate the 14th amendment [24] Weather & Travel - Severe weather caused flight delays and damage in the Northeast, impacting holiday travel [30][32] - Federal agencies are not tracking any specific threats but are highly aware heading into the holiday [33] - Approximately 62 million people are driving to their holiday destinations [36] - New York will host its iconic fireworks display, with 80,000 shells, the biggest show ever in New York [37][38][39]
Trump’s Bill Passed: The Tax and Spending Updates, Explained | WSJ
The Wall Street Journal· 2025-07-04 04:23
Tax Policy Changes - Extension of 2017 tax cuts, initially set to expire at the end of 2025 [1][2] - Child tax credit increased to $2,200 and indexed to inflation [2] - Estate tax exemption increased to $15 million per person [2] - Elimination of tax credits for electric vehicles and clean energy purchases after September 30th [3] - State and local tax deduction capped at $10,000, with a temporary increase to $40,000 for certain income levels [3][4] - Potential $25,000 deduction for tipped workers, but payroll taxes still apply [4] - Deduction for seniors of $6,000 per person for those ages 65 and up [6] Government Spending and Budget Impact - Increased funding for agencies like ICE, Customs and Border Protection, Homeland Security, the Defense Department, and Missile Defense [7] - Medicaid work requirements implemented, projected to save $326 billion through 2034 [8][9] - Changes to premium tax credits under the Affordable Care Act, potentially leading to 11 million fewer people with health insurance by 2034 [10] - Creation of a $50 billion rural healthcare fund to address changes in healthcare access [11] - Projected increase in the deficit by $3.4 trillion over the next 10 years (through 2034) [13] Economic Impact and Political Considerations - Republicans argue that economic growth from tax cuts and deregulation will offset the deficit increase [15] - Economists express concerns about the drag of budget deficits on the economy, potentially leading to higher interest rates and increased debt [15] - Potential for Democrats to delay or change tax cuts if they win the House majority [12]
X @BBC News (World)
BBC News (World)· 2025-07-03 18:46
RT BBC Breaking News (@BBCBreaking)US Congress delivers major win for President Donald Trump by approving his huge spending bill https://t.co/VLeoYZW8El ...