The Fort Worth Press - US Senate begins nail-biting vote on Trump spending bill

USD -
AED 3.67315
AFN 65.503991
ALL 83.072963
AMD 376.980403
ANG 1.790083
AOA 917.000367
ARS 1392.459104
AUD 1.450958
AWG 1.80025
AZN 1.70397
BAM 1.695072
BBD 2.009612
BDT 122.428639
BGN 1.709309
BHD 0.380504
BIF 2970
BMD 1
BND 1.2851
BOB 6.894519
BRL 5.154104
BSD 0.997742
BTN 92.939509
BWP 13.688562
BYN 2.956504
BYR 19600
BZD 2.006665
CAD 1.39441
CDF 2305.000362
CHF 0.800665
CLF 0.023306
CLP 920.250396
CNY 6.88265
CNH 6.887235
COP 3665
CRC 464.279833
CUC 1
CUP 26.5
CVE 95.56558
CZK 21.283504
DJF 177.720393
DKK 6.48699
DOP 60.850393
DZD 132.91504
EGP 54.345804
ERN 15
ETB 155.800822
EUR 0.868104
FJD 2.253804
FKP 0.755399
GBP 0.757525
GEL 2.68504
GGP 0.755399
GHS 11.00504
GIP 0.755399
GMD 74.000355
GNF 8752.513347
GTQ 7.632939
GYD 208.828972
HKD 7.83745
HNL 26.504427
HRK 6.539104
HTG 130.952897
HUF 334.380388
IDR 17002.65
ILS 3.130375
IMP 0.755399
INR 92.706904
IQD 1307.141959
IRR 1319125.000352
ISK 125.370386
JEP 0.755399
JMD 157.303566
JOD 0.70904
JPY 159.63404
KES 129.803801
KGS 87.450384
KHR 3990.137323
KMF 427.00035
KPW 899.984966
KRW 1510.820383
KWD 0.30934
KYD 0.831502
KZT 472.805432
LAK 21970.392969
LBP 89502.03926
LKR 314.804623
LRD 183.088277
LSL 16.955078
LTL 2.95274
LVL 0.60489
LYD 6.380628
MAD 9.374033
MDL 17.55613
MGA 4171.343141
MKD 53.422776
MMK 2099.725508
MNT 3578.768806
MOP 8.055104
MRU 39.637211
MUR 46.940378
MVR 15.460378
MWK 1730.071718
MXN 17.873804
MYR 4.031039
MZN 63.950377
NAD 16.954711
NGN 1378.130377
NIO 36.712196
NOK 9.791125
NPR 148.701282
NZD 1.75693
OMR 0.384545
PAB 0.997734
PEN 3.45194
PGK 4.316042
PHP 60.401038
PKR 278.39991
PLN 3.71365
PYG 6454.29687
QAR 3.638018
RON 4.423904
RSD 101.772347
RUB 80.332711
RWF 1457.240049
SAR 3.754249
SBD 8.038772
SCR 14.425806
SDG 601.000339
SEK 9.477695
SGD 1.286904
SHP 0.750259
SLE 24.650371
SLL 20969.510825
SOS 570.192924
SRD 37.351038
STD 20697.981008
STN 21.233539
SVC 8.730169
SYP 111.309257
SZL 16.948198
THB 32.680369
TJS 9.563492
TMT 3.51
TND 2.941459
TOP 2.40776
TRY 44.586255
TTD 6.768937
TWD 31.979038
TZS 2600.000335
UAH 43.698134
UGX 3743.234401
UYU 40.405091
UZS 12122.393971
VES 473.390504
VND 26340
VUV 119.350864
WST 2.77386
XAF 568.506489
XAG 0.013693
XAU 0.000214
XCD 2.70255
XCG 1.798209
XDR 0.70704
XOF 568.516344
XPF 103.361457
YER 238.650363
ZAR 17.006904
ZMK 9001.203584
ZMW 19.281421
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • NGG

    1.1500

    87.99

    +1.31%

  • AZN

    2.7600

    203.49

    +1.36%

  • RIO

    -0.3600

    94.45

    -0.38%

  • RELX

    0.3600

    33.59

    +1.07%

  • CMSC

    0.0500

    22.04

    +0.23%

  • GSK

    0.7000

    56.69

    +1.23%

  • BTI

    0.3900

    58.28

    +0.67%

  • CMSD

    0.1100

    22.26

    +0.49%

  • BCC

    -1.8800

    73.2

    -2.57%

  • VOD

    0.0800

    15.21

    +0.53%

  • BCE

    -0.9300

    24.45

    -3.8%

  • JRI

    0.0900

    12.61

    +0.71%

  • RYCEF

    0.9000

    15.99

    +5.63%

  • BP

    0.9500

    47.12

    +2.02%

US Senate begins nail-biting vote on Trump spending bill
US Senate begins nail-biting vote on Trump spending bill / Photo: © AFP

US Senate begins nail-biting vote on Trump spending bill

US senators began voting Monday on Donald Trump's flagship spending bill, as the deeply divisive package -- expected to slash social programs for the poor and add an eye-watering $3 trillion to the national debt -- entered its frenetic home stretch.

Text size:

Trump wants what he calls the "One Big Beautiful Bill" to extend his expiring first-term tax cuts at a cost of $4.5 trillion to the budget, boost military spending and fund his plans for unprecedented mass deportations and border security.

Yet even as the process reaches its climax, Republican meeting rooms are still reverberating with bitter rows over the deep cuts to welfare programs planned to offset the bill's massive costs.

Senators eyeing 2026 midterm congressional elections are divided over savings that would strip some $1 trillion in subsidized health care from millions of the poorest Americans and add more than $3.3 trillion to the nation's already yawning budget deficit over a decade.

Trump wants to have the package on his desk by the time Independence Day festivities begin on Friday.

"ONE GREAT BIG BEAUTIFUL BILL, is moving along nicely!" he posted on his Truth Social platform late Sunday.

Given Trump's iron grip on the party, he is expected to get what he wants in the Senate where Republicans hold a razor-tight majority, while Democrats will overwhelmingly vote no.

It will be a huge win for the Republican leader -- who has been criticized for imposing many of his priorities through executive orders that sidestep the scrutiny of Congress.

But the vote on final passage will still be a nail-biter and can only take place after a marathon series of attempted amendments.

Known as a "vote-a-rama," the session allows senators to offer unlimited tweaks to the 940-page text for floor votes, meaning the process can extend well beyond 12 hours.

Even then, the Senate bill will have to pass a separate vote in the House of Representatives, where Republicans also have a narrow majority.

- 'Utterly insane' -

Trump's heavy pressure to declare victory has put more vulnerable Republicans in a difficult position.

Nonpartisan studies have concluded that the bill would ultimately pave the way for a historic redistribution of wealth from the poorest 10 percent of Americans to the richest.

And cuts to the Medicaid program -- which helps low-income Americans get coverage in a country with notoriously expensive medical insurance -- and cuts to the Affordable Care Act would result in nearly 12 million more uninsured people by 2034, independent analysis shows.

Polls show the bill is among the most unpopular ever considered across multiple demographic, age and income groups.

Senate Democrats are expected to focus their amendments on highlighting the threats to health care, as well as cuts to federal food aid programs and clean energy tax credits.

Senate Majority Leader John Thune can only lose one more vote with conservative Rand Paul and moderate Thom Tillis already on the record as Republican rebels.

Tillis, who has announced his retirement and no longer has to worry about reelection in 2026, delivered two fiery floor speeches Sunday slamming the phase-outs of clean energy tax credits and accusing Republicans of "betraying" Trump's promise not to touch Medicaid.

A House vote on the Senate bill could come as early as Wednesday. However, Republicans there face an equally tight vote-count, with ultra-conservative fiscal hawks complaining that the bill would not cut enough spending and moderates worried at the defunding of Medicaid.

World's richest person and former top Trump advisor Elon Musk -- who fell out with the president over the bill -- said the Senate text was "utterly insane" for seeking to gut government subsidies for clean energy.

"It gives handouts to industries of the past while severely damaging industries of the future," said Musk, who is the world's richest person, and heads electric vehicle company Tesla and space flight firm SpaceX, among others.

C.Rojas--TFWP