Senate Passes Budget Deal in 67-28 Vote, Raises Spending by $320B

Senate Passes Budget Deal in 67-28 Vote, Raises Spending by $320B

The Senate on Thursday approved the massive two-year budget deal passed by the House last week. The budget agreement would also eliminate the Budget Control Act, which former President Barack Obama signed at the behest of congressional Republicans, and pushing the government to the brink of defaulting on the national debt to pass it.

The bill, which passed 67 to 28 with bipartisan support, is projected to add approximately $1.7 trillion to the deficit over the next ten years.

There has been a lot of internal strife over the budget within the Republican Party, with several threatening to oppose the deal the president was able to strike with Pelosi. It's attached to a must-do measure to lift the so-called debt limit to permit the government to borrow freely to pay its bills. Spending for the current year is $1.32 trillion. Its debate moderators spent more than four hours over two nights grilling 20 presidential hopefuls, yet they did not see fit to ask a single question about the $22 trillion (and growing) national debt-and the candidates, unsurprisingly, did not bring it up on their own. Since he took office, Mr. Trump has repeatedly said he'd increase military spending. Top Senate Democrat Chuck Schumer of NY and House GOP leader Kevin McCarthy of California are also supporting the deal.

Trump did step back from a possible fight over spending increases sought by liberals, and he achieved his priorities on Pentagon budgets and the stock market-soothing borrowing limit.

The Senate on Thursday passed a massive, $2.7 trillion budget deal that would stave off the looming threat of a potential default on United States debt and prevent automatic spending cuts to domestic and military funding.

It's more likely that the eventual vote will be, as Sen.

His biggest concern for ME, however, isn't that Russians or other foreign actors might change the vote tallies, but rather that they will try to manipulate voters themselves via targeted misinformation campaigns on social media.

Ahead of the vote, some Republicans said they weren't entirely happy with the bill. "Caps are essentially gone forever", and he wondered, "what is the long-term impact on the average person in our country?" Marsha Blackburn, R-Tenn. "I can not in good conscience support legislation that funds the government at the expense of adding to our national debt".

"Unfortunately, this bill perpetuates Democrats' big government programs, increases our deficits, and plunges us further into debt".

"This budget process, if we can even call it a process, put taxpayers at the mercy of a House Speaker who has no interest in prudent budgeting", said freshman Sen. Mitt Romney (R-Utah) says he will vote against the plan because it "perpetuates fiscal recklessness". Everybody wants to go to heaven. Paul introduced an amendment to cap and cut spending as well as balance the budget, but it failed to garner the 60 votes needed for adoption.

"Today is the final nail in the coffin. What happened to the tea party movement?" "That's why today, we, as U.S. Senators, can not bring ourselves to vote for this budget deal that does not put our country on a fiscally sustainable path".

The bill would add $324 billion to spending limits over the next two fiscal years, not counting an extra $157 billion mainly for overseas military operations. Trump tweeted before the vote Thursday.

"What are your options?" Despite his serial endorsements of the deal, no one will be 100 percent certain the deal is totally done until his signature is secured (particularly if it's his budget director and acting chief of staff, Mick Mulvaney, who appears to have been pushed to the side by Mnuchin in negotiating the deal, is responsible for handing him the pen).

The Democratic leadership made one more huge concession to the White House.

The debt ceiling was previously set at US$20.5 trillion, and expired on March 1 this year. The GOP didn't offset the US$1.5 trillion cost of tax cuts enacted in 2017 when the party controlled both chambers of Congress.

Only 23 Republicans and five Democrats voted against the bill in the Senate, where Majority Leader Mitch McConnell and Minority Leader Chuck Schumer had both urged its passage.

Other conservative Republican senators slammed the budget agreement for not doing enough to cut spending.

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