Updated
Updated · POLITICO · Jul 23
Senate GOP Doubts Johnson’s $95 Billion Budget Plan as Thune Prioritizes Sept. 30 Funding Deadline
Updated
Updated · POLITICO · Jul 23

Senate GOP Doubts Johnson’s $95 Billion Budget Plan as Thune Prioritizes Sept. 30 Funding Deadline

3 articles · Updated · POLITICO · Jul 23

Summary

  • Senate Republicans are signaling Mike Johnson’s $95 billion House budget blueprint may stall, with John Kennedy saying John Thune is unlikely to bring it up and Thune himself declining to say he has 50 votes.
  • Thune and other GOP leaders are instead focused on funding the government before the Sept. 30 shutdown deadline, with Barrasso and Susan Collins backing a continuing resolution over another reconciliation push.
  • The math is tight: with Mitch McConnell absent, Thune can lose only two Republicans, while deficit hawks want offsets and others want more defense or farm spending than the House plan provides.
  • Election-year politics are adding resistance, as senators fear a vote-a-rama on farm aid, SNAP, taxes or SAVE America Act provisions could force vulnerable incumbents into difficult votes before the midterms.
  • Ron Johnson warned the Senate would need to adopt a budget resolution before the August recess to have any chance at a third reconciliation bill this year, but he said Republicans have not even held an organized discussion yet.

Insights

With war costs rising and farm losses mounting, can a funding solution be reached before the midterm elections?
What are the long-term economic consequences of this un-offset $95 billion spending plan?
How will the $95 billion budget blueprint affect the escalating Iran conflict and surging global energy prices?