Treasury Trend Setter
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Treasury Trend Setter
No Result
View All Result
Home Editor's Pick

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

admin by admin
May 23, 2025
in Editor's Pick
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

Element79 Gold Corp. Comments on Peruvian Government Reform Centralizing Oversight of Small-Scale Mining Under Ministry of Energy and Mines

Next Post

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

Next Post
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

    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.

    • Trending
    • Comments
    • Latest
    Family and friends shattered and scarred by tourist massacre in Kashmir

    Family and friends shattered and scarred by tourist massacre in Kashmir

    April 26, 2025
    Federal judge partially blocks Trump’s effort to deny funding to pro-DEI public schools

    Federal judge partially blocks Trump’s effort to deny funding to pro-DEI public schools

    April 25, 2025
    $4,000 Gold on the Horizon? Why Smart Money Is Piling Into Select Miners Ahead of Q2 2026

    $4,000 Gold on the Horizon? Why Smart Money Is Piling Into Select Miners Ahead of Q2 2026

    April 26, 2025
    Ukraine hit by another night of deadly Russian strikes despite Trump’s ‘Vladimir, STOP!’ plea

    Ukraine hit by another night of deadly Russian strikes despite Trump’s ‘Vladimir, STOP!’ plea

    April 25, 2025
    Trump’s image of dead ‘white farmers’ came from Congo, not South Africa

    Trump’s image of dead ‘white farmers’ came from Congo, not South Africa

    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’s image of dead ‘white farmers’ came from Congo, not South Africa

    Trump’s image of dead ‘white farmers’ came from Congo, not South Africa

    May 23, 2025
    Prince William’s new docuseries spotlights ‘one of the most dangerous jobs on the planet’

    Prince William’s new docuseries spotlights ‘one of the most dangerous jobs on the planet’

    May 23, 2025
    Germany deploys permanent troops to another country for the first time since World War II

    Germany deploys permanent troops to another country for the first time since World War II

    May 23, 2025
    China says Trump Harvard ban will ‘tarnish’ US image as students caught in crosshairs

    China says Trump Harvard ban will ‘tarnish’ US image as students caught in crosshairs

    May 23, 2025

    Top News

    Trump’s image of dead ‘white farmers’ came from Congo, not South Africa

    Trump’s image of dead ‘white farmers’ came from Congo, not South Africa

    May 23, 2025
    Prince William’s new docuseries spotlights ‘one of the most dangerous jobs on the planet’

    Prince William’s new docuseries spotlights ‘one of the most dangerous jobs on the planet’

    May 23, 2025

    Latest News

    • Trump’s image of dead ‘white farmers’ came from Congo, not South Africa
    • Prince William’s new docuseries spotlights ‘one of the most dangerous jobs on the planet’
    • Germany deploys permanent troops to another country for the first time since World War II

    About Treasury Trendsetter

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

    Copyright © 2025 treasurytrendsetter.com | All Rights Reserved

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

    Copyright © 2025 treasurytrendsetter.com | All Rights Reserved