The China Mail - US Senate approves divisive Trump spending bill

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 approves divisive Trump spending bill
US Senate approves divisive Trump spending bill / Photo: © GETTY IMAGES NORTH AMERICA/AFP

US Senate approves divisive Trump spending bill

The Republican-led US Senate approved President Donald Trump's mammoth domestic policy bill Tuesday by the narrowest of margins, despite misgivings over delivering deep welfare cuts and another $3 trillion in national debt.

Text size:

Republican leaders had struggled to corral support during a record 24-hour "vote-a-rama" amendment session on the Senate floor, as Democrats offered dozens of challenges to the most divisive aspects of the package.

Senate Majority Leader John Thune was able to turn around two moderates considering siding with Democrats, to deliver a 50-50 vote, with Vice President JD Vance breaking the tie.

The sprawling text now heads to the House of Representatives, where it faces unified Democratic opposition and multiple Republicans balking at slashed health care and food aid programs for poor Americans.

Trump's bill proposes a $4.5 trillion extension of his first term tax cuts, contentiously offset with $1.2 trillion in savings mainly targeting the Medicaid health insurance program that will strip coverage from an estimated 12 million low-income and disabled Americans.

It also rolls back billions of dollars in green energy tax credits while providing a $350 billion infusion for border security and Trump's mass migrant deportation program.

The president made clear that the goal remains to get the bill through the House in the coming days and sign it into law by Friday's July 4th Independence Day holiday, although he acknowledged that the self-imposed deadline could slip.

"It's going to get in, it's going to pass, and we're going to be very happy," he told reporters as arrived in Florida to view new migrant detention facilities.

- 'Bad legislation' -

Polls show the bill is among the most unpopular ever considered across multiple demographic, age and income groups, and Democrats hope to leverage public anger ahead of the 2026 midterm elections when they aim to retake the House.

Backed by extensive independent analysis, they say the bill's tax cuts would disproportionately benefit the wealthy at the expense of social safety net programs for the poorest Americans.

"It's bad legislation," Arizona Senator Mark Kelly told MSNBC. "If this passes, this is a political gift for Democrats."

A handful of senators in the Republican majority had also threatened to upset the apple cart, echoing Democratic concerns that the bill would add more than $3.3 trillion to the nation's already yawning budget deficits over a decade.

The most high-profile opposition has come from outside Congress, however, in the shape of tech billionaire and estranged former Trump aide Elon Musk, who balked at the bill's debt implications and stripping of clean energy subsidies.

In a dramatic reignition of his feud with Trump, Musk vowed to launch a new political party to challenge lawmakers who campaigned on reduced federal spending only to vote for the bill.

Musk -- whose businesses include rocket company and government contractor SpaceX, which has about $22 billion in federal contracts -- has been campaigning against the bill since quitting as a Trump advisor in May.

A furious Trump on Tuesday said he would consider deporting Musk and ending federal funds for his companies.

"Elon may get more subsidy than any human being in history, by far," Trump posted in a retort on social media, "and without subsidies, Elon would probably have to close up shop and head back home to South Africa."

- Focus on House -

Although the House of Representatives has already passed their own version of the bill, it will have to come back to the lower chamber for a final rubber stamp before it reaches Trump's desk.

House Republicans were watching anxiously from the sidelines to see if their Senate colleagues would adopt changes that would be hard for Speaker Mike Johnson to sell to his lawmakers.

Fiscal hawks in the lower chamber are furious at what they say is $651 billion of extra deficit spending in the Senate's tweaks.

A House vote could come as early as Wednesday but even with full attendance, House Republicans can only afford to lose three votes.

"We're going to pass this bill one way or the other," Johnson told reporters at the Capitol on Monday.

C.Fong--ThChM