Scramble in Senate: Republicans Push for Sweeping Tax and Spending Bill Amid Record Debt
The U.S. Senate's Republican members are pushing for the passage of President Trump's significant tax-cut and spending bill, despite concerns over its potential $3.3 trillion addition to the national debt. The contentious bill has sparked division within the party and faces unified Democratic opposition.
As the early hours of Tuesday morning unfolded, U.S. Senate Republicans continued their efforts to pass President Donald Trump's expansive tax-cut and spending bill. The process remained fraught with uncertainty, particularly due to the bill's anticipated $3.3 trillion impact on the national debt.
Ahead of the July 4 deadline set by Trump, senators engaged in a lengthy "vote-a-rama," tackling a slew of amendments amid procedural complexities. With divisions underscoring the GOP ranks, the bill's passage hangs in balance, especially as Democrats stand firmly opposed.
Senate Majority Leader John Thune expressed optimism, despite contentious debates over Medicaid cuts and military spending increases embedded within the bill. As fiscal conservatives weigh in, the bill's fate remains a focal point for both parties, with potential global financial ramifications.
(With inputs from agencies.)
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