The China Mail - US Senate push to pass Trump's unpopular spending bill enters second day

USD -
AED 3.672504
AFN 64.503991
ALL 81.277337
AMD 374.792985
ANG 1.789884
AOA 918.000367
ARS 1368.812858
AUD 1.393704
AWG 1.80125
AZN 1.70397
BAM 1.661047
BBD 2.017495
BDT 123.155973
BGN 1.668102
BHD 0.377935
BIF 2978.470423
BMD 1
BND 1.274789
BOB 6.921738
BRL 4.979504
BSD 1.001741
BTN 92.955964
BWP 13.440061
BYN 2.845131
BYR 19600
BZD 2.014608
CAD 1.37785
CDF 2310.000362
CHF 0.781647
CLF 0.022275
CLP 876.690396
CNY 6.81775
CNH 6.81664
COP 3606.23
CRC 456.834685
CUC 1
CUP 26.5
CVE 93.647289
CZK 20.634504
DJF 178.377001
DKK 6.352304
DOP 60.053505
DZD 132.66041
EGP 51.884156
ERN 15
ETB 156.407066
EUR 0.849404
FJD 2.218304
FKP 0.737751
GBP 0.739426
GEL 2.703861
GGP 0.737751
GHS 11.068835
GIP 0.737751
GMD 73.503851
GNF 8788.483587
GTQ 7.660623
GYD 209.571532
HKD 7.83905
HNL 26.615143
HRK 6.404704
HTG 131.173298
HUF 307.310388
IDR 17140
ILS 2.95979
IMP 0.737751
INR 92.60245
IQD 1312.242558
IRR 1321500.000352
ISK 122.070386
JEP 0.737751
JMD 158.376152
JOD 0.70904
JPY 158.630385
KES 129.103801
KGS 87.450384
KHR 4006.964202
KMF 418.00035
KPW 900.016021
KRW 1467.040383
KWD 0.30836
KYD 0.83477
KZT 469.692981
LAK 22100.301499
LBP 89702.068028
LKR 316.633403
LRD 184.313559
LSL 16.418192
LTL 2.95274
LVL 0.60489
LYD 6.334027
MAD 9.242091
MDL 17.219415
MGA 4154.741178
MKD 52.350418
MMK 2100.011828
MNT 3575.508238
MOP 8.080173
MRU 40.038218
MUR 46.290378
MVR 15.460378
MWK 1736.973969
MXN 17.311104
MYR 3.952504
MZN 63.955039
NAD 16.418192
NGN 1342.480377
NIO 36.859315
NOK 9.368704
NPR 148.729882
NZD 1.700392
OMR 0.384504
PAB 1.001741
PEN 3.446261
PGK 4.342435
PHP 59.564038
PKR 279.298569
PLN 3.59435
PYG 6381.587329
QAR 3.65196
RON 4.330404
RSD 99.664529
RUB 76.231517
RWF 1463.671493
SAR 3.751456
SBD 8.035647
SCR 15.058814
SDG 601.000339
SEK 9.164404
SGD 1.270104
SHP 0.746601
SLE 24.625038
SLL 20969.496166
SOS 572.508387
SRD 37.706038
STD 20697.981008
STN 20.807678
SVC 8.764703
SYP 110.597048
SZL 16.413436
THB 32.120369
TJS 9.446006
TMT 3.505
TND 2.907215
TOP 2.40776
TRY 44.844404
TTD 6.803686
TWD 31.480367
TZS 2594.935038
UAH 44.099112
UGX 3709.711665
UYU 39.848826
UZS 12155.930188
VES 479.657038
VND 26335
VUV 117.475878
WST 2.715253
XAF 557.099665
XAG 0.012375
XAU 0.000207
XCD 2.70255
XCG 1.805342
XDR 0.692853
XOF 557.099665
XPF 101.286679
YER 238.603589
ZAR 16.316204
ZMK 9001.203584
ZMW 19.057285
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • RYCEF

    0.5600

    17.66

    +3.17%

  • CMSC

    0.1500

    22.77

    +0.66%

  • RIO

    0.4400

    100.15

    +0.44%

  • GSK

    1.2200

    58.35

    +2.09%

  • RELX

    0.4700

    36.68

    +1.28%

  • BCE

    -0.0700

    24.09

    -0.29%

  • BP

    -3.0400

    44.59

    -6.82%

  • BTI

    0.5400

    56.68

    +0.95%

  • NGG

    -0.6000

    86.92

    -0.69%

  • CMSD

    0.1800

    23.08

    +0.78%

  • BCC

    4.2400

    83.04

    +5.11%

  • JRI

    0.1800

    13.09

    +1.38%

  • VOD

    -0.2200

    15.48

    -1.42%

  • AZN

    4.3300

    204.8

    +2.11%

US Senate push to pass Trump's unpopular spending bill enters second day
US Senate push to pass Trump's unpopular spending bill enters second day / Photo: © GETTY IMAGES NORTH AMERICA/AFP

US Senate push to pass Trump's unpopular spending bill enters second day

Republican senators struggled Tuesday for a second day to pass President Donald Trump's flagship spending bill, which would slash welfare programs for the poor while adding an eye-watering $3 trillion to the national debt.

Text size:

The president wants his "One Big Beautiful Bill" -- which polls show is wildly unpopular among Americans -- to extend his expiring first-term tax cuts at a cost of $4.5 trillion.

Spending will be ramped up for the military and Trump's project for mass deportations of undocumented migrants and border security.

To pay for that, Republican senators are seeking to force through draconian cuts to the social safety net and gutting of clean energy and electric vehicle subsidies -- a factor triggering a bitter public feud between Trump and Tesla founder and mega-donor Elon Musk.

Around $1 trillion in subsidized health care would be stripped from millions of the poorest Americans. And even with the spending cuts, the bill would still add more than $3.3 trillion to the nation's already yawning budget deficits over a decade.

Trump wants the package on his desk by Independence Day on Friday.

Its journey through the Republican-controlled Senate has been at a glacial pace, however, as senators held a so-called "vote-a-rama" -- a session allowing members to offer unlimited amendments before a bill can move to final passage.

That began Monday, and was still grinding on Tuesday morning.

"It's tough," Trump told reporters at the White House before leaving to visit a migrant detention center in Florida. "We're going to get there."

Even if the bill squeaks through the Senate, it still needs a vote in the House of Representatives, where Democrats are again uniformly opposed and several rebels in the slim Republican majority threaten to oppose.

- 'Money to be saved' -

Trump's insistence on the bill has put the more vulnerable Republicans in a difficult position.

Polls show the bill is among the most unpopular ever considered across multiple demographic, age and income groups. Democrats expect to leverage public anger -- particularly over the health care cuts -- in 2026 midterm elections when they hope to retake the House.

Studies show the bill would ultimately pave the way for a historic redistribution of wealth from the poorest 10 percent of Americans to the richest.

Cuts to the Medicaid program -- which helps low-income Americans get coverage -- as well as the Affordable Care Act would see nearly 12 million more uninsured people by 2034 in a country with notoriously expensive health care, independent analysis shows.

Senate Democrats have focused their amendments on highlighting the threats to health care, as well as cuts to federal food aid programs and clean energy tax credits.

Many Republicans have shown discomfort. Fiscal hawks believe that spending cuts should go even deeper, while moderates are alarmed at the impacts in their own states.

Republican Senate Majority Leader John Thune can only lose one more vote to get a win, with conservative Rand Paul and moderate Thom Tillis already on the record as Republican rebels.

The bill has also reignited the feud between Trump and his former adviser-turned-critic Musk, the world's richest person.

Musk -- who already had an acrimonious public falling out with the president this month over the bill -- has repeatedly slammed its cost, and Monday renewed his calls for the formation of a new political party as voting got underway.

Trump, in turn, threatened the government subsidies to Musk's cutting-edge companies SpaceX and Tesla.

"Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa," he posted on Truth Social early Tuesday.

"No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE," he threatened. "BIG MONEY TO BE SAVED!!!"

D.Peng--ThChM