Trade Haven Hub - Investing and Stock News
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
No Result
View All Result
Trade Haven Hub - Investing and Stock News
No Result
View All Result
Home Economy News

Still a no: Rand Paul says $5T debt increase in ‘Big, Beautiful Bill’ a deal-breaker

admin by admin
June 3, 2025
in Economy News
0
Still a no: Rand Paul says $5T debt increase in ‘Big, Beautiful Bill’ a deal-breaker
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
NEWYou can now listen to Fox News articles!

Sen. Rand Paul, R-Ky., said the debt limit increase included in the One Big Beautiful Bill Act is still a deal-breaker for him, saying it goes against conservative values, despite discussions with President Donald Trump about his concerns. 

Paul told reporters on Monday that the bill will increase the debt ceiling by $5 trillion, the largest debt increase in the U.S.

‘We have never raised the debt ceiling without actually meeting that target,’ he said. ‘So you can say it doesn’t directly add to the debt, but if you increase the ceiling $5 trillion, you’ll meet that. And what it does is it puts it off the back-burner. And then we won’t discuss it for a year or two.’

‘So I think it’s a terrible idea to do this,’ he added. 

Paul said he spoke with Trump about his concerns over the legislation during a ‘lengthy discussion,’ but that Trump ‘did most of the talking.’ 

‘I’ve told him I can’t support the bill if they’re together,’ Paul said. ‘If they were to separate out and take the, debt ceiling off that I very much could consider the rest of the bill.’

Paul noted that Congress voted to continue spending to avert a government shutdown. 

‘During the campaign, Republicans said they were against Bidennomics and Bidenflation and Biden spending. When March, we renewed the Biden’s spending levels,’ Paul said. ‘So the spending levels we live under now are Biden-GOP spending levels. They’ve all come into agreement.’

‘But come the end of September, when our fiscal year ends, the deficit is going to be $2.2 trillion. That’s just not conservative,’ he added. ‘They’re borrowing 5 trillion. That means they’re anticipating the following year being over 2 trillion as well. So it’s just not a conservative thing to do.’

Over the weekend, Trump warned Paul would be ‘playing right into the hands of the Democrats’ if he votes against the bill.

‘If Senator Rand Paul votes against our Great, Big, Beautiful Bill, he is voting for, along with the Radical Left Democrats, a 68% Tax Increase and, perhaps even more importantly, a first time ever default on U.S. Debt,’ he wrote on his Truth Social platform. 

‘Rand will be playing right into the hands of the Democrats, and the GREAT people of Kentucky will never forgive him! The GROWTH we are experiencing, plus some cost-cutting later on, will solve ALL problems. America will be greater than ever before!’ he added. 

Sen. Rand Paul says what it will take to get him to vote in favor of Trump

Next week, Senate Republicans will get their turn to go through the bill and are eying changes that could be a hard sell for House Speaker Mike Johnson, R-La.

This post appeared first on FOX NEWS
Previous Post

FBI calls for public tips on children hurt in ‘gender-affirming’ surgeries

Next Post

LIZ PEEK: Trump must stay strong, US reliance on Chinese minerals and drugs puts Americans at risk

Next Post
LIZ PEEK: Trump must stay strong, US reliance on Chinese minerals and drugs puts Americans at risk

LIZ PEEK: Trump must stay strong, US reliance on Chinese minerals and drugs puts Americans at risk

  • Trending
  • Comments
  • Latest
Pepe Price Climbs 43% With Only 21 Days Left to Buy MIND of Pepe Cheap, Nearly $9m Raised 

Pepe Price Climbs 43% With Only 21 Days Left to Buy MIND of Pepe Cheap, Nearly $9m Raised 

May 9, 2025
Bitcoin Price Prediction: At $103,688 BTC Shows Unstoppable Weekly Growth of 7.6% – Could We See a New All-Time High Before June?

Bitcoin Price Prediction: At $103,688 BTC Shows Unstoppable Weekly Growth of 7.6% – Could We See a New All-Time High Before June?

May 10, 2025
Murchison South Increases to 67koz Gold Across Two Pits

Murchison South Increases to 67koz Gold Across Two Pits

May 13, 2025
Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

May 8, 2025
Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

0
Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

June 5, 2025
Bitcoin Miner BitMine Raises $18M to Buy Bitcoin, Stock Lists on NYSE American

Bitcoin Miner BitMine Raises $18M to Buy Bitcoin, Stock Lists on NYSE American

June 5, 2025
SEC Scores $1.1M Court Victory After Crypto Scam Defendant Fails to Respond

SEC Scores $1.1M Court Victory After Crypto Scam Defendant Fails to Respond

June 5, 2025
Ethereum Foundation Reworks Treasury Strategy — What Changes to Expect

Ethereum Foundation Reworks Treasury Strategy — What Changes to Expect

June 5, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Recent News

    Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

    Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

    June 5, 2025
    Bitcoin Miner BitMine Raises $18M to Buy Bitcoin, Stock Lists on NYSE American

    Bitcoin Miner BitMine Raises $18M to Buy Bitcoin, Stock Lists on NYSE American

    June 5, 2025
    SEC Scores $1.1M Court Victory After Crypto Scam Defendant Fails to Respond

    SEC Scores $1.1M Court Victory After Crypto Scam Defendant Fails to Respond

    June 5, 2025
    Ethereum Foundation Reworks Treasury Strategy — What Changes to Expect

    Ethereum Foundation Reworks Treasury Strategy — What Changes to Expect

    June 5, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 tradehavenhub.com | All Rights Reserved

    No Result
    View All Result
    • Investment Tips
    • Trade Tips
    • Crypto News
    • Economy News
    • Stock Market

    Copyright © 2025 tradehavenhub.com | All Rights Reserved