Just recently, a significant number of Republican lawmakers actually supported a funding bill that would keep the government running through March without ultimately raising the federal debt ceiling, according to the Telegraph, which is a direct result of Donald Trump’s push to lift the cap. This is in response to pressure from President-elect Trump. to facilitate major spending efforts after taking office; Fiscal conservatives within the party are now concerned that the nation’s debt is growing while also paying interest payments far higher than the defense budget.
In these times, the Telegraph claimed that the House of Representatives recently voted down a proposal to suspend the debt ceiling for two years, with 38 Republicans joining Democrats. This failure ultimately raises serious questions about President-elect Donald Trump’s ability to deliver on his campaign promises, including a massive deportation program and tax cuts.
President-elect Donald Trump also criticized the bipartisan funding deal as “ridiculous” and called on Republicans to reject the interim funding bill, which does not mention the debt ceiling, The Telegraph reported.
As Congress passes stopgap measures to avert a government shutdown, Donald Trump’s influence over his party is in question, especially given the small Republican majority in the House of Representatives. The concerns of fiscal conservatives could certainly hamper his policy agenda, which includes deep tax cuts and mass deportations and is estimated to cost billions of dollars.
FAQ:
What was the latest warning given to US President-elect Donald Trump?
US President-elect Donald Trump has been warned that fierce Republican resistance to sharp limits on government spending could ultimately jeopardize his ambitious mass deportation plans.
What has been supported by a significant number of Republicans recently?
Just recently, a significant number of Republican lawmakers actually voted to eventually raise the federal debt ceiling despite pressure from President-elect Donald Trump to eliminate the cap to facilitate large-scale spending initiatives. Instead, he actually supported a funding bill that would keep the government running through March. On taking office.
Disclaimer: This content is created by a third party. The views expressed here are those of the respective authors/organizations and do not represent the views of Economic Times (ET). ET does not guarantee, endorse, endorse, or in any way be liable for its contents. Please take all necessary steps to ensure that the information and content provided is correct, updated, and verified. ET disclaims all warranties, express or implied, with respect to the report and its contents.