No Result
View All Result
  • Login
Tuesday, September 8, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

Will Trump Strike Out or Make a Comeback in Congress This Week?

by FeeOnlyNews.com
3 months ago
in Business
Reading Time: 4 mins read
A A
0
Will Trump Strike Out or Make a Comeback in Congress This Week?
Share on FacebookShare on TwitterShare on LInkedIn


The saga continues. Congress is back in session today, and it’s time to pick up yet again all the legislative battles so dramatically set down last week. Will the Senate reauthorize FISA before it expires in just four days? Can the upper chamber’s hard-won reconciliation bill clear the lower without further amendment? And will the two houses agree to stop President Donald Trump from taking further action in Iran? The stakes are high, and the end is nigh.

Bill Pulte and the $1.776 Billion Elephant in the Room

Aside from the House-passed war powers resolution regarding Iran, the conflicts preventing Republicans from presenting a unified front stem largely from the president’s settlement with the IRS. His planned $1.776 billion anti-weaponization fund has lawmakers on both sides of the aisle all in a tizzy because he announced it to Congress rather than requesting its appropriation.

After a recent court ruling banning it, for now, the Trump administration has declared it wouldn’t go forward with the fund. But that wasn’t good enough for many. Both right after its announcement and just last week in the Senate, this controversial anti-weaponization fund proved to be a wrench in the legislative gears. By Thursday, May 21, the Senate seemed set to vote on the ICE and CBP reconciliation bill – and was expected to pass it. The House was poised to do the same the next day. But Tuesday’s announcement by Acting Attorney General Todd Blanche turned heads hot and feet cold in both chambers.

Rather than address the legislative issue, the two halves of Congress declared a recess and left the Swamp. They came back on June 1 to pick up the pieces – but, of course, they didn’t fully finish any one thing. Then on June 2, Trump earned the ire of his Republican colleagues in Congress yet again by nominating Director of the Federal Housing Finance Agency and Chairman of Fannie Mae and Freddie Mac Bill Pulte to replace retiring Director of National Intelligence Tulsi Gabbard.

Wednesday, the House went on to pass a war powers resolution demanding an end to the Trump administration’s military actions in Iran, leaving the president’s legislative agenda untouched. Then, over the next two days, the Senate passed the much ballyhooed reconciliation bill to fund ICE and Border Patrol through the end of Trump’s presidency – but not until more than a dozen Republicans at various times joined with Democrats to push poison pill amendments targeting everything from the IRS fund and Pulte’s appointment to funds for the White House ballroom and the immigration agencies themselves. Some even came quite close to passing, with one infamously hinging on a single Republican senator’s decision for almost three hours. Finally, the Senate gaveled out after refusing to take up the FISA Section 702 spy powers reauthorization with seven Republicans citing concerns over Pulte’s nomination. As both chambers called it quits for the weekend, they left the same legislative logjam waiting to be cleared.

Will Congress Reach a Resolution – Or Kick the Can Down the Road Yet Again?

The House meets again at noon today, and the Senate starts up at 3 p.m. Will they actually resolve anything, though? That’s the question. President Trump reacted to the Republican revolt last week by backpedaling on the two big issues. Pulte will only hold the role of DNI temporarily, he said, and the anti-weaponization fund won’t move forward. But will that be enough to appease the angry lawmakers?

If the Senate doesn’t pass the House-amended FISA reauthorization this week, the Section 702 authority to conduct warrantless surveillance will expire on Friday. If the House passes the Senate’s hard-won reconciliation bill, Trump can get it signed into law just a week or so after his self-imposed June 1 deadline. Better late than never, right? But if even just four House republicans balk – or if they amend it at all – it’s back to the drawing board. Finally, Will the two chambers unite against the president over fighting Iran or will the GOP toe the line and shoot it down?

Two legislative packages the president wants passed and one he definitely doesn’t – as the late, great Meatloaf famously sang, “two out of three ain’t bad.” But any other outcome will mean another bad week indeed for Trump in Congress.

What is a reconciliation bill?

A reconciliation bill is a special procedure that allows the Senate’s 60-vote filibuster rule to be bypassed – but only on certain types of fiscal issues.

How does a reconciliation bill work?

Reconciliation bills pass by simple majority (51 votes) and can’t be filibustered – but there are a few catches. The legislation is limited to only provisions that directly affect federal spending, revenues, or the debt ceiling; it’s subject to unlimited amendments up to a certain time limit; and it can only be used so many times.

How often can a reconciliation bill be used?

Reconciliation can technically be used three times per fiscal year – once for federal spending, once for the statutory debt limit, and once for taxes – but, because of the difference between calendar years and fiscal years, there could be more in a single legislative session. Most of the time, however, it’s used only once or twice a year.



Source link

Tags: ComebackcongressstrikeTrumpweek
ShareTweetShare
Previous Post

Trump ‘Not Happy’ as Israel, Iran Trade Strikes

Next Post

Top analyst fears bubble popping with investors and Wall Street out over their skis

Related Posts

Advanced Micro Devices (AMD) Price Prediction: How Much a ,000 Investment Could Be Worth by 2031

Advanced Micro Devices (AMD) Price Prediction: How Much a $5,000 Investment Could Be Worth by 2031

by FeeOnlyNews.com
August 8, 2026
0

Quick Read AMD's Data Center revenue jumped 57% YoY, driving a base-case projection of $7,657 from a $5,000 investment by...

Vanguard Chief Economist: AI and jobs, still in an ATM phase

Vanguard Chief Economist: AI and jobs, still in an ATM phase

by FeeOnlyNews.com
August 8, 2026
0

Every wave of technological change seems to arrive with a familiar prediction: This time, jobs are going away for good....

Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

by FeeOnlyNews.com
August 8, 2026
0

Asia's oldest exchange, BSE, traded far fewer derivatives contracts in the first week following the implementation of the Closing Auction...

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

by FeeOnlyNews.com
August 8, 2026
0

India’s financial stocks are entering a more selective phase, where the strength of a lender’s deposit franchise, underwriting discipline and...

Vaxart outlines Phase IIb COVID-19 top line data in first half of 2027 backed by BARDA funding (OTCMKTS:VXRT)

Vaxart outlines Phase IIb COVID-19 top line data in first half of 2027 backed by BARDA funding (OTCMKTS:VXRT)

by FeeOnlyNews.com
August 7, 2026
0

Earnings Call Insights: Vaxart, Inc. (VXRT) Q2 2026 Management View "The second quarter and recent weeks marked a pivotal period...

Nutex outlines 3 hospital openings in H2 2026 while maintaining 3 to 5 openings per year (NASDAQ:NUTX)

Nutex outlines 3 hospital openings in H2 2026 while maintaining 3 to 5 openings per year (NASDAQ:NUTX)

by FeeOnlyNews.com
August 7, 2026
0

Earnings Call Insights: Nutex Health (NUTX) Q2 2026 Management View "It was an active quarter, marked by strong financial results,...

Next Post
Top analyst fears bubble popping with investors and Wall Street out over their skis

Top analyst fears bubble popping with investors and Wall Street out over their skis

Israel and Iran exchange blows

Israel and Iran exchange blows

  • Trending
  • Comments
  • Latest
Bitcoin and ethereum prices today, Friday, August 7, 2026: Crypto prices moving higher following July jobs report

Bitcoin and ethereum prices today, Friday, August 7, 2026: Crypto prices moving higher following July jobs report

August 7, 2026
MEXC Lists Ondo Yield Asset As Tokenized Treasury Demand Grows

MEXC Lists Ondo Yield Asset As Tokenized Treasury Demand Grows

July 3, 2026
Delek Logistics Partners Reports alt=

Delek Logistics Partners Reports $0.54 EPS for Q2 FY26

August 5, 2026
Onkure Therapeutics Releases Q2 2026 Financial Results

Onkure Therapeutics Releases Q2 2026 Financial Results

August 4, 2026
Thryv outlines M run-rate savings while revising 2026 SaaS adjusted EBITDA to M-M (NASDAQ:THRY)

Thryv outlines $60M run-rate savings while revising 2026 SaaS adjusted EBITDA to $42M-$44M (NASDAQ:THRY)

August 4, 2026
My Thoughts on Going All In

My Thoughts on Going All In

August 4, 2026
Advanced Micro Devices (AMD) Price Prediction: How Much a ,000 Investment Could Be Worth by 2031

Advanced Micro Devices (AMD) Price Prediction: How Much a $5,000 Investment Could Be Worth by 2031

0
Cities holding up to 3 million people found under Amazon rain forest

Cities holding up to 3 million people found under Amazon rain forest

0
Republican Party Displacement | Mises Institute

Republican Party Displacement | Mises Institute

0
Bybit Uses Tokenised Equities as Underlyings for Structured Yield

Bybit Uses Tokenised Equities as Underlyings for Structured Yield

0
Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

0
Vaxart outlines Phase IIb COVID-19 top line data in first half of 2027 backed by BARDA funding (OTCMKTS:VXRT)

Vaxart outlines Phase IIb COVID-19 top line data in first half of 2027 backed by BARDA funding (OTCMKTS:VXRT)

0
Advanced Micro Devices (AMD) Price Prediction: How Much a ,000 Investment Could Be Worth by 2031

Advanced Micro Devices (AMD) Price Prediction: How Much a $5,000 Investment Could Be Worth by 2031

August 8, 2026
Republican Party Displacement | Mises Institute

Republican Party Displacement | Mises Institute

August 8, 2026
Vanguard Chief Economist: AI and jobs, still in an ATM phase

Vanguard Chief Economist: AI and jobs, still in an ATM phase

August 8, 2026
Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

August 8, 2026
Democrats’ Affordability Message Misses a Key Expense—Student Debt

Democrats’ Affordability Message Misses a Key Expense—Student Debt

August 8, 2026
Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

August 8, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Advanced Micro Devices (AMD) Price Prediction: How Much a $5,000 Investment Could Be Worth by 2031
  • Republican Party Displacement | Mises Institute
  • Vanguard Chief Economist: AI and jobs, still in an ATM phase
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.