Financial Focus Live
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Financial Focus Live
No Result
View All Result
Home Latest News

GOP holdouts sound alarm on $36T debt crisis as Trump’s ‘big, beautiful bill’ passes House vote

admin by admin
May 23, 2025
in Latest News
0
GOP holdouts sound alarm on $36T debt crisis as Trump’s ‘big, beautiful bill’ passes House vote
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

House Republicans passed President Donald Trump’s ‘one big, beautiful bill’ on Thursday morning, working through overnight committee meetings, last-minute huddles in the speaker’s office and even a last-minute assist from the president. 

But while House GOP leadership preached party unity as they passed The One Big Beautiful Bill Act by just one vote, two House Republican holdouts were unwavering in their concerns about the $36 trillion national debt crisis and ultimately voted ‘no.’ 

Reps. Thomas Massie, R-Ky., and Warren Davidson, R-Ohio, took their concerns to social media on Thursday, telling their constituents exactly why they bucked the Republican Party on Trump’s key legislative agenda. 

‘While I love many things in the bill, promising someone else will cut spending in the future does not cut spending. Deficits do matter and this bill grows them now. The only Congress we can control is the one we’re in. Consequently, I cannot support this big deficit plan. NO,’ Davidson said early this morning before the vote was final. 

Massie responded soon after, telling Davidson he agreed and ‘if we were serious, we’d be cutting spending now, instead of promising to cut spending years from now.’

‘I’d love to stand here and tell the American people, ‘We can cut your taxes and increase spending and everything is going to be just fine.’ But I can’t do that because I’m here to deliver a dose of reality. This bill dramatically increases deficits in the near-term, but promises our government will be fiscally responsible five years from now. Where have we heard that before?’ Massie said on the House floor. 

The Kentucky congressman, who regularly sports a national debt clock pin, presented a bleak reality for Trump’s ‘big, beautiful bill’ on Thursday as most Republican holdouts rallied behind the final manager’s amendment. ‘This bill is a debt bomb ticking,’ Massie said. 

When White House Press Secretary Karoline Leavitt was asked about Massie and Davidson voting against the bill, she said the president believes they should be primaried. 

‘I don’t think he likes to see grandstanders in Congress. What’s the alternative? I would ask those members of Congress. Did they want to see a tax hike? Did they want to see our country go bankrupt? That’s the alternative by them trying to vote ‘no.’ The president believes the Republican Party needs to be unified,’ Leavitt said. 

Massie, who has been campaigning on Trump calling him a grandstander, even fundraised on Leavitt’s comments, writing on X, ‘The big beautiful bill has issues. I chose to vote against it because it’s going to blow up our debt. For voting on principle, I now have the President AND his press Secretary campaigning against me from the White House podium. Can you help me by donating?’

Former Rep. Bob Good, R-Va., who served as Chair of the House Freedom Caucus, has spoken out against the country’s debt crisis amid House negotiations, piled on the national debt criticism on Thursday, writing, ‘The Big Ugly Truth is that the Big Ugly Bill will push the Big Ugly Debt over $60 trillion.’

Good found himself out of the job when he lost the Republican primary to now-Rep. John McGuire of Virginia last year. 

He was one of just a handful of House Republicans who endorsed Florida Gov. Ron DeSantis in the 2024 GOP presidential primaries, and then Trump threw his political might behind McGuire.

The One Big Beautiful Bill Act is a multi-trillion-dollar piece of legislation that advances Trump’s agenda on taxes, immigration, energy, defense and the national debt. 

While the bill seeks to make a dent in the national debt crisis by cutting roughly $1.5 trillion in government spending, the United States still has over $36 trillion in debt and has spent $1.05 trillion more than it has collected in fiscal year 2025, according to the Treasury Department.

‘I think the most essential truth in American politics is that nobody actually really cares about the national debt or deficit. It’s too abstract to saturate public sentiment,’ Fox News Digital columnist David Marcus said after the bill passed. 

Fox News Digital’s Elizabeth Elkind contributed to this report. 

This post appeared first on FOX NEWS

Previous Post

‘Half a dozen’ more states to ban soda, junk food purchases with food stamps, Trump Agriculture secretary says

Next Post

Trump has not directed administration to declassify Biden documents on health ‘cover-up’

Next Post
Trump has not directed administration to declassify Biden documents on health ‘cover-up’

Trump has not directed administration to declassify Biden documents on health ‘cover-up’

  • Trending
  • Comments
  • Latest
BNB Price Surge Leads Crypto Gains as Bitcoin Climbs

BNB Price Surge Leads Crypto Gains as Bitcoin Climbs

April 22, 2025
White House celebrates ‘Star Wars Day’ with AI image of muscular Trump wielding a lightsaber

White House celebrates ‘Star Wars Day’ with AI image of muscular Trump wielding a lightsaber

May 5, 2025
Canada Elections: Prime Minister Carney’s Liberal Party to lead fourth consecutive government

Canada Elections: Prime Minister Carney’s Liberal Party to lead fourth consecutive government

April 29, 2025
DOGE, Treasury discover $334M in improper payment requests due to foul codes

DOGE, Treasury discover $334M in improper payment requests due to foul codes

April 30, 2025
Trump has not directed administration to declassify Biden documents on health ‘cover-up’

Trump has not directed administration to declassify Biden documents on health ‘cover-up’

0
Stock Market News UK Update: FTSE 100 & 250 Rise

Stock Market News UK Update: FTSE 100 & 250 Rise

0
Stock Market News UK Update: FTSE 100 & 250 Rise

Stock Market News UK Update: FTSE 100 & 250 Rise

0
Stock Market News UK Update: FTSE 100 & 250 Rise

Stock Market News UK Update: FTSE 100 & 250 Rise

0
Trump has not directed administration to declassify Biden documents on health ‘cover-up’

Trump has not directed administration to declassify Biden documents on health ‘cover-up’

May 23, 2025
White House decries ‘evil of antisemitism,’ vows justice after fatal shooting of Israeli embassy staffers

White House decries ‘evil of antisemitism,’ vows justice after fatal shooting of Israeli embassy staffers

May 23, 2025
GOP holdouts sound alarm on $36T debt crisis as Trump’s ‘big, beautiful bill’ passes House vote

GOP holdouts sound alarm on $36T debt crisis as Trump’s ‘big, beautiful bill’ passes House vote

May 23, 2025
23andMe bankruptcy prompts Cornyn-Grassley-Klobuchar bipartisan bill to protect sensitive genetic data

23andMe bankruptcy prompts Cornyn-Grassley-Klobuchar bipartisan bill to protect sensitive genetic data

May 23, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Top News

    Trump has not directed administration to declassify Biden documents on health ‘cover-up’

    Trump has not directed administration to declassify Biden documents on health ‘cover-up’

    May 23, 2025
    White House decries ‘evil of antisemitism,’ vows justice after fatal shooting of Israeli embassy staffers

    White House decries ‘evil of antisemitism,’ vows justice after fatal shooting of Israeli embassy staffers

    May 23, 2025

    Latest News

    • Trump has not directed administration to declassify Biden documents on health ‘cover-up’
    • White House decries ‘evil of antisemitism,’ vows justice after fatal shooting of Israeli embassy staffers
    • GOP holdouts sound alarm on $36T debt crisis as Trump’s ‘big, beautiful bill’ passes House vote

    About Financial Focus Live

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 financialfocuslive.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 financialfocuslive.com | All Rights Reserved