Latest News

Reporter’s Notebook: How the House is technically done with the ‘big, beautiful bill’

Expect the House of Representatives to make ‘technical corrections’ to President Donald Trump’s ‘big, beautiful bill’ Wednesday.

But if you blink, you might miss it.

Senate Republicans are now in the middle of the ‘Byrd Bath’ with Senate Parliamentarian Elizabeth MacDonough. This is a process, named after late Senate Majority Leader Robert Byrd, D-W.Va., to exclude provisions from budget reconciliation packages that don’t comport with special Senate budget rules. 

The Senate must use this special process to avoid a filibuster.

Some items in the House bill don’t fit into the bill under those special budget rules. So, they are tossing them out. But the House must essentially alter the bill and send it back to the Senate.

The House will embed those changes into a ‘rule’ Wednesday to tee up the spending cancellations bill to trim money for USAID and public broadcasting for debate and a vote on Friday.

So, the ‘altered’ bill, with the technical corrections, goes back to the Senate.

‘I think it’s going to be nothing that was unexpected. I don’t think it’s going to be a problem,’ House Speaker Mike Johnson, R-La., said.

‘I’m trying to defend my product that was sent over there. As you all know, it took a long time to get that balance.’

This post appeared first on FOX NEWS

You May Also Like

Stock

The Indonesian Football Association, PSSI, has been penalized for exploiting child labor in its football academies. The association has appointed a new CEO and...

Investing

Lloyds Banking Group is one of the largest financial institutions in the UK, with a market capitalization of over £30 billion. The bank has...

Economy

The stock market has been on a rollercoaster ride in recent years, with significant fluctuations in stock prices. However, despite the ups and downs,...

Economy

Ether, the second-largest cryptocurrency by market capitalization, has been gaining popularity over Bitcoin in recent times. This is largely due to the Shanghai Fork,...

Disclaimer: Flexstocktrading.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Flexstocktrading.com

Exit mobile version