Republican infighting over spending levels is stalling President Donald Trump’s legislative agenda, including major tax, energy, healthcare, and border security proposals. Speaker Mike Johnson’s plan to advance the bill stalled as fiscal hawks demanded additional spending cuts, causing Republicans to miss their initial deadline. House GOP leaders’ proposed Medicaid changes fell short of fiscal hawks, who are demanding $2 trillion in cuts. The more cuts Republican leaders make now, the fewer funds will remain to allocate to future priorities. Republicans’ push to pass Trump’s agenda is their first chance to prove their commitment to cutting spending and reducing debt.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Republican infighting over spending levels is stalling President Donald Trump's legislative
00:06agenda, including major tax, energy, health care, and broader security proposals.
00:11Speaker Mike Johnson's plans to advance the bill stalled as fiscal hawks demanded
00:15additional spending cuts, causing Republicans to miss their initial deadline.
00:18House GOP leaders proposed Medicaid changes fell short for fiscal hawks,
00:22who demanded $2 trillion in cuts. The more cuts Republican leaders make now,
00:27the fewer funds will remain to allocate to future priorities.
00:30Republicans' push to pass Trump's agenda is their first chance to prove their commitment
00:34to cutting spending and reducing debt.