Senate Republicans Advance Debt Ceiling and Budget Resolution Amid Internal Divisions
GOP leaders push for a vote next week on a budget package incorporating $2 trillion in cuts and a debt ceiling increase, while addressing Medicaid and tax cut disputes.
- Senate Republicans are finalizing a budget resolution that includes a debt ceiling increase and $2 trillion in spending cuts over the next decade.
- Internal GOP divisions persist over Medicaid cuts, tax policies, and the scale of spending reductions, complicating efforts to unify the party.
- The Senate parliamentarian’s pending ruling on a controversial accounting method for extending Trump’s 2017 tax cuts is a critical factor for the resolution.
- Leadership aims to reconcile the Senate and House budget plans by April, targeting Memorial Day 2025 for the final passage of Trump’s policy package.
- Treasury projections indicate the U.S. government could default by August or September 2025 without a debt ceiling increase, adding urgency to negotiations.
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