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

‘Bait and switch’: Schumer warns of bitter funding fight over GOP cuts plan

admin by admin
July 8, 2025
in Economy News
0
‘Bait and switch’: Schumer warns of bitter funding fight over GOP cuts plan
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Senate Republicans are set to consider a multibillion-dollar package of cuts from the White House, but the top Senate Democrat warned that doing so could have consequences for a later government funding showdown.

Senate Minority Leader Chuck Schumer, D-N.Y., warned on Tuesday that the Senate GOP’s plan to move forward with a $9.4 billion rescissions package would have ‘grave implications’ on Congress, particularly the forthcoming government funding fight in September.

‘Republicans’ passage of this purely partisan proposal would be an affront to the bipartisan appropriations process,’ Schumer wrote in a letter to fellow Senate Democrats.

‘That’s why a number of Senate Republicans know it is absurd for them to expect Democrats to act as business as usual and engage in a bipartisan appropriations process to fund the government, while they concurrently plot to pass a purely partisan rescissions bill to defund those same programs negotiated on a bipartisan basis behind the scenes,’ he continued.

The rescissions package, proposed by the Impoundment Control Act, allows the White House to request that Congress roll back congressionally appropriated funding. Such proposed cuts must be approved by both chambers within 45 days.

This package in particular, which narrowly squeaked through the House by a two-vote margin last month, would claw back $8.3 billion in funding for the U.S. Agency for International Development (USAID), and over $1 billion in cuts to the Corporation for Public Broadcasting (CPB), the government-backed funding arm for NPR and PBS.

The package, informed heavily by the cuts proposed by President Donald Trump’s Department of Government Efficiency, formerly helmed by tech billionaire Elon Musk, would only need to pass a simple majority in the upper chamber to pass.

Musk and DOGE made USAID a primary target of their hunt for waste, fraud and abuse within the federal government, dismantling much of the long-standing organization ahead of the rescission request. 

The impending deadline to fund the government in September will either require the passage of a dozen appropriations bills – something Congress has not done in years – or the need to work with Democrats to crest the 60-vote threshold in the Senate.

And the rescissions package is not wildly popular among Republicans.

Senate Appropriations Chair Susan Collins, R-Maine, said during a hearing on the package late last month that she was concerned about proposed cuts to the President’s Emergency Plan for AIDS Relief (PEPFAR) and the CPB, and warned that cuts to the AIDS and HIV prevention program would be ‘extraordinarily ill-advised and shortsighted.’

Schumer is no stranger to trying to leverage government funding fights to his advantage. Earlier this year, he withheld support for the House GOP-authored government funding extension before ultimately agreeing to the deal.

That same scenario could play out once more come September.

‘This is beyond a bait-and-switch – it is a bait-and-poison-to-kill,’ Schumer said. ‘Senate Republicans must reject this partisan path and instead work with Democrats on a bipartisan appropriations process.’

This post appeared first on FOX NEWS
Previous Post

Pakistan Creates Digital Assets Regulator PVARA to Oversee Crypto Industry

Next Post

Solana Price Prediction: Fast-Track ETF Timeline Emerges – Catalyst for $500 SOL?

Next Post
Solana Price Prediction: Fast-Track ETF Timeline Emerges – Catalyst for $500 SOL?

Solana Price Prediction: Fast-Track ETF Timeline Emerges – Catalyst for $500 SOL?

  • Trending
  • Comments
  • Latest
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
ASIC Targets ASX: $164M Blockchain Disaster Sparks Expert Panel Probe

ASIC Targets ASX: $164M Blockchain Disaster Sparks Expert Panel Probe

June 26, 2025
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

March 20, 2025
Solana Price Prediction: Institutional Demand Hits New High – $1,000 SOL Incoming

Solana Price Prediction: Institutional Demand Hits New High – $1,000 SOL Incoming

June 25, 2025
“You Never Owned the Shares”: Linqto Bankruptcy Exposes Pre-IPO Illusion

“You Never Owned the Shares”: Linqto Bankruptcy Exposes Pre-IPO Illusion

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
“You Never Owned the Shares”: Linqto Bankruptcy Exposes Pre-IPO Illusion

“You Never Owned the Shares”: Linqto Bankruptcy Exposes Pre-IPO Illusion

July 8, 2025
Dogecoin Price Prediction: Millionaire Scottie Pippen Eyes DOGE in His Top Picks – Is This the Catalyst Meme Traders Needed?

Dogecoin Price Prediction: Millionaire Scottie Pippen Eyes DOGE in His Top Picks – Is This the Catalyst Meme Traders Needed?

July 8, 2025
‘Who wouldn’t want it?’: Netanyahu open to receiving stealth bombers, bunker-busters from US

‘Who wouldn’t want it?’: Netanyahu open to receiving stealth bombers, bunker-busters from US

July 8, 2025
TikToker knocks Harris’ ‘weird’ take on never released interview: ‘Not good’

TikToker knocks Harris’ ‘weird’ take on never released interview: ‘Not good’

July 8, 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

    “You Never Owned the Shares”: Linqto Bankruptcy Exposes Pre-IPO Illusion

    “You Never Owned the Shares”: Linqto Bankruptcy Exposes Pre-IPO Illusion

    July 8, 2025
    Dogecoin Price Prediction: Millionaire Scottie Pippen Eyes DOGE in His Top Picks – Is This the Catalyst Meme Traders Needed?

    Dogecoin Price Prediction: Millionaire Scottie Pippen Eyes DOGE in His Top Picks – Is This the Catalyst Meme Traders Needed?

    July 8, 2025
    ‘Who wouldn’t want it?’: Netanyahu open to receiving stealth bombers, bunker-busters from US

    ‘Who wouldn’t want it?’: Netanyahu open to receiving stealth bombers, bunker-busters from US

    July 8, 2025
    TikToker knocks Harris’ ‘weird’ take on never released interview: ‘Not good’

    TikToker knocks Harris’ ‘weird’ take on never released interview: ‘Not good’

    July 8, 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