House Republicans on Thursday approved a budget resolution that aims to fulfill much of President Donald Trump’s MAGA agenda.
Fiscal hawks in the House of Representatives have been warning repeatedly that any budget bills need to show reform through spending cuts if they are to win their support. On Thursday, they successfully negotiated $1.5 trillion in spending cuts, though accompanied by $4.5 trillion in tax cuts.
The deal also raised the debt ceiling about another $4 trillion. As for the MAGA priorities of stopping the border crisis, House Republicans came up with $300 billion for border and defense spending increases.
In terms of the budget process, Senate Republicans were largely waiting for the House to catch up. Last week, Senate Budget Committee chairman Sen. Lindsey Graham, R-S.C., released his budget resolution. Graham’s proposal had money for a…
