Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Family offices to keep consistent allocations over next 12 months: Goldman Sachs survey

September 10, 2025

Family offices to keep consistent allocations over next 12 months: Goldman Sachs survey

September 10, 2025

Breaking | Chinese and US defence ministers discuss Taiwan, South China Sea in video call

September 10, 2025
Facebook X (Twitter) Instagram
Wednesday, September 10
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » GOP senators criticize House budget bill over deficit concerns
Finance & Economics

GOP senators criticize House budget bill over deficit concerns

adminBy adminMay 25, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 123


Sen. Ron Johnson, R-Wis., is seen in the U.S. Capitol during a series of votes on Thursday, April 3, 2025. 

Tom Williams | CQ-Roll Call, Inc. | Getty Images

Sen. Ron Johnson said Sunday that he thinks he has enough GOP colleagues on board with his opposition to the House’s “big, beautiful bill” to stall its progress and make changes.

The Wisconsin Republican’s remarks underscore the potentially difficult path ahead for the sweeping domestic policy package, which just narrowly passed the House last week.

As House Speaker Mike Johnson urges his Senate colleagues not to “meddle” with the bill too much, fiscal hawks in the Senate have signaled they won’t support the package in its current form.

“We have enough to stop the process until the president gets serious about spending reduction and reducing the deficit,” Sen. Johnson said on CNN’s ‘State of the Union.’

Read more CNBC politics coverage

Sen. Johnson and some of his Senate colleagues have raised concerns that the House bill will lead to skyrocketing federal deficits, a criticism that Speaker Johnson has brushed aside.

Sen. Johnson said that the “first goal” of the budget reconciliation process “should be to reduce the deficit, this actually increases it.”

He has repeatedly said that the federal government needs to return to “pre-pandemic level spending.”

Sen. Rand Paul, R-Ky., also on Sunday called the spending cuts in the House bill “wimpy and anemic.”

“But I still would support the bill, even with wimpy and anemic cuts, if they weren’t going to explode the debt,” Paul said on “Fox News Sunday.”

“The problem is the math doesn’t add up, they’re going to explode the debt,” he continued.

An analysis from the nonpartisan Congressional Budget Office said that the sweeping package could increase the deficit by $3.8 trillion over the next decade.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Finance & Economics

investors await Fed rate decision

July 30, 2025
Finance & Economics

Bank of America expects a jobs report dud on Friday

July 29, 2025
Finance & Economics

The Fed is unlikely to cut rates, but this week’s meeting is packed with intrigue

July 29, 2025
Finance & Economics

U.S.-China tariff pause not set, say Bessent, Greer

July 29, 2025
Finance & Economics

Biggest labor union opposes Union Pacific, Norfolk Southern merger

July 29, 2025
Finance & Economics

Trump trade, tariff deals with all but China done soon: Lutnick

July 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Aurangzeb confident inflation will stay in check amid ongoing flood crisis – Business & Finance

September 10, 2025

Floods ravage over 1.3mn acres of agricultural land in Punjab, says PBF – Business & Finance

September 10, 2025

National Tariff Policy 2025-30 could hinder industrialisation in Pakistan, warns PRAC – Markets

September 10, 2025

Aurangzeb, Acumen Pakistan leadership discuss climate-focused investment – Business & Finance

September 10, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Family offices to keep consistent allocations over next 12 months: Goldman Sachs survey
  • Family offices to keep consistent allocations over next 12 months: Goldman Sachs survey
  • Breaking | Chinese and US defence ministers discuss Taiwan, South China Sea in video call
  • CNOOC, HSBC say Hong Kong is ideal place for global companies to set up captive insurers
  • Gold hovers near record highs before US inflation data

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Family offices to keep consistent allocations over next 12 months: Goldman Sachs survey

September 10, 2025

Family offices to keep consistent allocations over next 12 months: Goldman Sachs survey

September 10, 2025

Breaking | Chinese and US defence ministers discuss Taiwan, South China Sea in video call

September 10, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.