Monday | 16 June 2025 | Reg No- 06
Bangla
   
Bangla | Monday | 16 June 2025 | Epaper
BREAKING: One dengue patient dies, 249 hospitalised in last 24hrs      Defaulted loans hit record Tk 4.20 trillion      Tk 60cr collected from Padma, Jamuna bridges during Eid      Iran launches fresh ballistic missile strikes on Israel      Ishraque vows to continue protest for mayoral office      Shamit represents Bangladesh in Canadian League Match      Bangladeshi shot dead by BSF in Panchagarh      

Trump mega-bill clears hurdle after rebels drop opposition 

Published : Tuesday, 20 May, 2025 at 12:00 AM  Count : 46
WASHINGTON, May 19: A mega-bill central to US President Donald Trump's domestic agenda cleared a key hurdle Sunday, progressing out of the House Budget Committee after several lawmakers holding up the legislation dropped their opposition.

Trump is pushing to usher into law his so-called "One Big, Beautiful Bill" pairing an extension of his first-term tax cuts with savings that will see millions of the poorest Americans lose their health coverage.

But sharp divisions in the Republican Party have slowed the legislative process in Congress, with conservatives angling for much deeper cuts and moderates worried about threats to healthcare.

House Speaker Mike Johnson spent the weekend working to persuade rebels who blocked the bill on Friday. Republicans have a very slim majority in the House, meaning the legislation needs almost unanimous support to pass.

Republican Congressman Josh Brecheen, one of four representatives who reversed their votes on Sunday, said the legislation "still required tweaking."

"We look forward to working with the White House and leadership to resolve these issues in the next few days," he posted on X.
Speaker Johnson told "Fox News Sunday" that he plans for a floor vote on the package by the end of the week.

Independent congressional analysts calculate that the mega-bill's tax provisions would add more than $4.8 trillion to the federal deficit over the coming decade.

To partially offset that, Republicans plan significant cuts in spending -- notably by adding new restrictions on the Medicaid program that helps provide health insurance for more than 70 million lower-income Americans.

The policy change would result in more than 10 million people losing coverage under the program, according to estimates by the independent Congressional Budget Office.

Moderate Republicans fear overly large cuts in the popular program could upset the party's prospects in the midterm elections of November 2026. "AFP


LATEST NEWS
MOST READ
Also read
Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000.
Phone: PABX- 41053001-06; Online: 41053014; Advertisement: 41053012.
E-mail: district@dailyobserverbd.com, news©dailyobserverbd.com, advertisement©dailyobserverbd.com, For Online Edition: mailobserverbd©gmail.com
🔝
close