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Bipartisan Spending Bill 2025. President Trump Claims Victory on Bipartisan Spending Bill NBC News But a last-minute amendment, introduced to gain the support of spending hawks worried about the bill's effects on the debt, requires at least $2 trillion in total spending cuts, or a reduction. The plan calls for slashing taxes by up to $4.5 trillion and sets a goal of cutting federal spending by $2 trillion

- House Republicans took the first step to advance President Trump's pro-worker, pro-America economic and national security agenda by passing a fiscally-sound budget resolution.This sets the stage to extend the successful Trump tax cuts, provide new tax relief to American workers, small businesses, and families, and deliver on enhanced border security, stronger national. The House Budget Committee introduced a budget resolution for fiscal year (FY) 2025

The Bipartisan Spending Problem

(5) The deficit for fiscal year 2025 is projected to be $1.9 trillion, or 6.2 percent of GDP (5) The deficit for fiscal year 2025 is projected to be $1.9 trillion, or 6.2 percent of GDP Here's what to know about the bill and what's delaying it.

Where Are The Trumps Spending Christmas 2024? Alie Lucila. If approved by both the House and Senate, it will unlock a reconciliation process that enables major tax-and-spending legislation to fast track and bypass the Senate's 60-vote filibuster rule with a simple majority. The plan calls for slashing taxes by up to $4.5 trillion and sets a goal of cutting federal spending by $2 trillion

Congress Funding Bill 2025 Dinnie Isabella. Here's what to know about the bill and what's delaying it. But a last-minute amendment, introduced to gain the support of spending hawks worried about the bill's effects on the debt, requires at least $2 trillion in total spending cuts, or a reduction.