Trade Masters Chronicle
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
Trade Masters Chronicle
No Result
View All Result

SCOOP: House Freedom Caucus draws battle lines as White House readies $9.4B DOGE spending cuts

by
June 2, 2025
in Latest News
0
SCOOP: House Freedom Caucus draws battle lines as White House readies $9.4B DOGE spending cuts
NEWYou can now listen to Fox News articles!

The House Freedom Caucus is demanding the House of Representatives vote on the White House’s impending $9.4 billion federal spending cut proposal the same week it lands on Capitol Hill.

The conservative group, led by Chairman Andy Harris, R-Md., is drawing its line in the sand on Monday with an official position on the coming package, which is expected to call for clawing back government funding for NPR, PBS and the U.S. Agency for International Development (USAID).

‘When the White House submits its first rescissions package to enact [Department of Government Efficiency] spending cuts to Congress, the House of Representatives should immediately move this to the floor for swift passage,’ the Freedom Caucus position said.

‘The House Freedom Caucus strongly supports these critical rescissions, and we will support as many more rescissions packages as the White House can send us in the coming weeks and months. These first DOGE cuts target taxpayer-funded public broadcasters notorious for their liberal bias like NPR and PBS, as well as billions in wasteful foreign aid dollars.’

It comes as Elon Musk’s time leading President Donald Trump’s DOGE effort comes to an end, with the tech billionaire shifting his focus back to Tesla and his other private ventures after his billions of dollars in proposed spending cuts drove a partisan wedge through Congress. 

‘Passing this rescissions package will be an important demonstration of Congress’ willingness to deliver on DOGE and the Trump agenda,’ the statement continued.

‘While the Swamp will inevitably attempt to slow and kill these cuts, there is no excuse for a Republican House not to advance the first DOGE rescissions package the same week it is presented to Congress then quickly send it for passage in the Republican Senate, so President Trump can sign it into law.’

The White House is expected to send its $9.4 billion spending cuts package to Congress on Tuesday.

The proposal is called a ‘rescissions package,’ a vehicle for the president to block funds that were already allocated by Congress in its yearly appropriations process. Once transmitted to Capitol Hill, lawmakers have 45 days to take it up before it’s voided.

And GOP officials have made clear that it’s the first of several such proposals that could come from the White House.

National Economic Council Director Kevin Hassett told Fox News Channel last week that there will ‘100%’ be further rescissions packages coming from the White House.

Bringing the first package to a House-wide vote within a week would require quick political maneuvering.

Under House GOP conference rules, lawmakers must get 72 hours to read a bill before the chamber weighs in – a provision that conservatives also fought for – putting a possible vote on Friday at the earliest and possible into the weekend.

But the House Freedom Caucus is not the only GOP group pushing for a swift vote. Republican Study Committee Chairman August Pfluger, R-Texas, said on Friday, ‘This brings fairness and accountability back to taxpayers who are sick of funding government waste while making progress towards our crushing $36 trillion national debt. Congress must promptly cement these cuts in law through rescissions and the FY26 appropriations bills.’

It comes just over a week after House Republicans pushed through Trump’s multitrillion-dollar tax and immigration bill via the budget reconciliation process.

That bill is now being considered by the Senate, and will have to go back to the House if the upper chamber makes any changes.

Republican leaders are hoping to have that bill on Trump’s desk by Fourth of July.

Speaker Mike Johnson, R-La., noted both deadlines in an appearance on NBC News’ ‘Meet The Press’ on Sunday.

‘We’re going to have a second budget reconciliation bill that follows after this, and we’re beginning next week the appropriations process, which is the spending bills for government. And you’re going to see a lot of the DOGE cuts and a lot of this new fiscal restraint reflected in what Congress does next. So stay tuned, this is not the end-all, be-all,’ he said of the reconciliation bill.

Johnson said on X Friday that ‘Congress is working with the White House to codify DOGE savings to stop government misuse and misspending of our tax dollars.’

This post appeared first on FOX NEWS
Previous Post

Foreign nationals charged amid Trump visa crackdown for scheme to smuggle US military equipment into China

Next Post

Tariff fight escalates as Trump appeals second court loss

Next Post
Tariff fight escalates as Trump appeals second court loss

Tariff fight escalates as Trump appeals second court loss

  • Trending
  • Comments
  • Latest
Gold and silver: the price of gold has resistance at $2360

Gold and silver: the price of gold has resistance at $2360

May 29, 2024
S&P 500 climbed 0.3%, and Nasdaq-100 futures  jumped 0.7%

S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped 0.7%

December 4, 2024
Amazon’s $4 billion investment in AI firm Anthropic faces U.K. merger investigation

Amazon’s $4 billion investment in AI firm Anthropic faces U.K. merger investigation

August 9, 2024
Is XRP a Good Investment? Expert Insights for 2024

Is XRP a Good Investment? Expert Insights for 2024

July 12, 2024
Trump implies government could cut contracts and subsidies to Musk’s companies

Trump implies government could cut contracts and subsidies to Musk’s companies

0
Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

0
Amal Clooney played key role in ICC arrest warrants for Netanyahu, Hamas leaders

Amal Clooney played key role in ICC arrest warrants for Netanyahu, Hamas leaders

0
Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87

Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87

0
Trump implies government could cut contracts and subsidies to Musk’s companies

Trump implies government could cut contracts and subsidies to Musk’s companies

June 7, 2025
Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

June 7, 2025
Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

June 7, 2025
Musk deletes explosive posts about Trump and Epstein files

Musk deletes explosive posts about Trump and Epstein files

June 7, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent News

    Trump implies government could cut contracts and subsidies to Musk’s companies

    Trump implies government could cut contracts and subsidies to Musk’s companies

    June 7, 2025
    Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

    Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

    June 7, 2025
    Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

    Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

    June 7, 2025
    Musk deletes explosive posts about Trump and Epstein files

    Musk deletes explosive posts about Trump and Epstein files

    June 7, 2025

    Top News

    Trump implies government could cut contracts and subsidies to Musk’s companies

    Trump implies government could cut contracts and subsidies to Musk’s companies

    June 7, 2025
    Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

    Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

    June 7, 2025

    Latest News

    • Trump implies government could cut contracts and subsidies to Musk’s companies
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

    About Trade Masters Chronicle

    • About us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 TradeMastersChronicle.com. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Latest News

    Copyright © 2025 TradeMastersChronicle.com. All Rights Reserved.