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What are you able to get for $9.4 billion?
3G Capital just lately bought footwear large Skechers for $9.4 billion.
$9.4 billion might cowl your lease for a reasonably good condo in New York Metropolis for greater than 40,000 years.
Sure, it is going to simply be you and the cockroaches by then.
Or, you could possibly pay the price of each main catastrophe prior to now 4 many years – starting from Chernobyl to Fukushima to Hurricane Sandy.
‘LONG OVERDUE’: SENATE REPUBLICANS RAM THROUGH TRUMP’S CLAWBACK PACKAGE WITH CUTS TO FOREIGN AID, NPR
However $9.4 billion isn’t loads when forged in opposition to almost $7 trillion in annual spending by the federal authorities.
And it’s actually not a lot cash when you think about that the U.S. is about slip into the purple to the tune of $37 trillion.
Which brings us to the Congressional plan to cancel spending. That’s, a measure from Republicans and the Trump Administration to rescind spending lawmakers already appropriated in March. The Home and Senate at the moment are clawing again cash lawmakers shoved out the door for the Company for Public Broadcasting and international assist packages underneath USAID. The unique proposal lower $9.4 billion. However that determine dwindled to $9 billion – after the Senate restored cash for “PEPFAR,” a President George W. Bush period program to fight AIDS worldwide.
In different phrases, you might have a pair thousand years lopped off out of your rent-controlled condo in New York Metropolis. In fact that hinges on what Democratic mayoral nominee Zorhan Mamdani decides to do, ought to he win election this fall.
Anyway, again to Congressional spending. Or “un-spending.”
The Home handed the unique model of the invoice in June, 216-214. Flip one vote and the invoice would have failed on a 215-215 tie. Then it was on to the Senate. Republicans needed to summon Vice President Vance to Capitol Hill to interrupt a logjam on two procedural votes to ship the spending cancellation invoice to the ground and truly launch debate. Republicans have a 53-47 benefit within the Senate. However former Senate Majority Chief Mitch McConnell, R-Ky., together with Sens. Lisa Murkowski, R-Alaska and Susan Collins, R-Maine, voted nay – producing a 50-50 tie.
Fox is instructed some Senate Republicans are tiring of McConnell opposing the GOP – and President Trump – on numerous points. That features the nay votes to start out debate on the spending cancellation invoice in addition to his vote in opposition to the affirmation of Protection Secretary Pete Hegseth in January.
“He was once the Chief. He was all the time telling us we have to stick collectively,” mentioned one GOP senator who requested anonymity. “Now he’s off voting nonetheless he desires? How time flies.”
Word that McConnell led Senate Republicans as just lately as early January.
However McConnell in the end voted for the laws when the Senate accepted it 51-48 at 2:28 am ET Thursday morning.
Murkowski and Collins have been the one noes. The companies of Vice President Vance weren’t wanted because of McConnell’s aye vote and the absence of Sen. Tina Smith, D-Minn. She fell ailing and was admitted to George Washington Hospital for exhaustion.
As for the senior senator from Alaska, one GOP senator characterised it as “Murkowski fatigue.”
“She all the time asking. She’s all the time wanting extra,” groused a Senate Republican.
Murkowski secured an settlement on rural hospitals in change for her vote in favor of the Huge, Lovely Invoice earlier this month. Nevertheless, Murkowski didn’t safe extra specificity on the DOGE cuts or assist with rural, public radio stations in Alaska on the spending lower plan.
SENATE TO DEBATE TRUMP’S $9B CLAWBACK BILL AFTER DRAMATIC LATE-NIGHT VOTES
“My vote is guided by the crucial of coming from Alaskans. I’ve a vote that I’m free to forged, with or with out the help of the President. My obligation is to my constituents and to the Structure,” mentioned Murkowski. “I do not disagree that NPR through the years has tilted extra partisan. That may be addressed. However you need not intestine your complete Company for Public Broadcasting.”
In an announcement, Collins blasted the Trump administration for a scarcity of specificity concerning the precision of the rescissions request. Collins, who chairs the Senate Appropriations Committee in command of the federal purse strings, additionally criticized the administration just a few months in the past for a paucity of element within the President’s funds.
“The rescissions package deal has an enormous drawback – no person actually is aware of what program reductions are in it. That isn’t as a result of we haven’t had time to overview the invoice,” mentioned Collins in an announcement. “As a substitute, the issue is that OMB (the Workplace of Administration and Funds) has by no means supplied the main points that might usually be a part of this course of.”
Collins wasn’t the one Republican senator who fearful about how the administration introduced the spending lower package deal to Congress. Senate Armed Companies Committee Chairman Roger Wicker, R-Miss., fretted about Congress ceding the facility of the purse to the administration. However not like Collins, Wicker supported the package deal.
Director of the US Workplace of Administration and Funds (OMB) Russell (Russ) Vought speaks to reporters exterior the West Wing of the White Home on July 17, 2025, in Washington, DC. (ANDREW CABALLERO-REYNOLDS)
“If we do that once more, please give us particular details about the place the cuts will come. Let’s not make a behavior of this,” mentioned Wicker. “When you come again to us once more from the manager department, give us the particular quantities within the particular packages that will likely be lower.”
DOGE really helpful the cuts. In reality, a lot of the spending reductions focused by DOGE don’t go into impact except Congress acts. However even the $9.4 billion proved difficult to chop.
“We should always be capable to try this in our sleep. However there’s wanting like there’s sufficient opposition,” mentioned Sen. Rand Paul, R-Ky., on Fox Enterprise.
So to courtroom votes, GOP leaders salvaged $400 million for PEPFAR.
“There was quite a lot of curiosity amongst our members in doing one thing on the PEPFAR subject,” mentioned Senate Majority Chief John Thune, R-S.D. “You are still speaking a couple of $9 billion rescissions package deal – even with that small modification.”
The intention to silence public broadcasting buoyed some Republicans.
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“North Dakota Public Radio – about 26% of their funds is federal funding. To me, that is extra of an indictment than it’s a want,” mentioned Sen. Kevin Cramer, R-N.D.
However again to the $9 billion. It’s a fraction of one-tenth of 1 p.c of all federal funding. And DOGE really helpful greater than a trillion {dollars} in cuts.
“What does this say for the celebration if it could actually’t even move this invoice, this piddling amount of cash?” yours actually requested Sen. John Kennedy, R-La.
Senate Minority Chief Chuck Schumer, a Democrat from New York, arrives to talk to members of the media on the US Capitol in Washington, DC, US, on Thursday, July 17, 2025. Republicans are set to reach their decades-long quest to finish federal funding for public broadcasting after the Senate handed a $9 billion package deal of cuts derived from Elon Musk’s Division of Authorities Effectivity effort. Photographer: Al Drago/Bloomberg by way of Getty Photographs
“I feel we’ll lose quite a lot of credibility. And we should always,” replied Kennedy.
However the Home wanted to sync up with the Senate because it modified the invoice – stripping the lower for AIDS funding. Home conservatives weren’t happy that the Senate was jamming them once more – simply two weeks after main renovations to the Home model of the Huge, Lovely Invoice. However they accepted their destiny.
“It’s disappointing that we’re $37 trillion in debt. This to me was low-hanging fruit,” mentioned Rep. Eric Burlison, R-Mo. “On the finish of the day, I am going to take a base hit, proper? It is higher than nothing.”
White Home Funds Director Russ Vought is anticipated to ship different spending cancellation requests to Congress within the coming months. The intention is to focus on deeper spending reductions really helpful by DOGE.
However it doesn’t auger effectively for future rescissions payments if it’s this a lot of a battle to trim $9 trillion.
What are you able to get for that a lot cash? For Republicans, it’s not a lot.
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Republicans have been swinging for the fences with spending cuts.
However within the political field rating, that is recorded as only a base hit.
