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Reading: Trump’s ‘huge, stunning invoice’ clears key Senate hurdle
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StockWaves > Global Markets > Trump’s ‘huge, stunning invoice’ clears key Senate hurdle
Global Markets

Trump’s ‘huge, stunning invoice’ clears key Senate hurdle

StockWaves By StockWaves Last updated: June 29, 2025 4 Min Read
Trump’s ‘huge, stunning invoice’ clears key Senate hurdle
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U.S. Senate Majority Chief John Thune (R-SD) speaks at a press convention following the U.S. Senate Republicans’ weekly coverage luncheon on Capitol Hill in Washington, D.C., U.S., June 10, 2025.

Kent Nishimura | Reuters

President Donald Trump’s “huge, stunning invoice” cleared a key procedural hurdle within the U.S. Senate late Saturday night time, pushing the huge spending package deal one step nearer to the president’s desk.

The vote on a movement to proceed to remaining debate on the invoice handed with 51 yeas and 49 nays. Each Democrat and two Republicans, Sens. Thom Tillis, N.C., and Rand Paul, Ky., voted towards it.

The precise voting took hours and the measure solely handed after three Republican holdouts — Sens. Mike Lee of Utah, Rick Scott of Florida and Cynthia Lummus of Wyoming — folded and voted sure.

Sen. Ron Johnson, Wis., an outspoken critic of the invoice, finally modified his vote from a “no” to a “sure.” That extra Republican vote gave the invoice 51 yeas, so Vice President JD Vance didn’t must forged a vote to interrupt a tie.

The last word passage was a victory for Republican Majority Chief John Thune, S.D., who has pledged to get the invoice to Trump for his signature by July 4.

However the hours of uncertainty and last-minute wrangling underscore the difficult path forward for the controversial package deal.

Saturday’s procedural vote tees up a remaining Senate vote on the megabill that can doubtless occur someday Sunday or Monday.

Democrats, led by Senate Minority Chief Chuck Schumer, are forcing the 940-page invoice to be learn out loud as soon as it heads to full debate on the Senate flooring Sunday.

“We might be right here all night time if that is what it takes to learn it,” Schumer wrote Saturday on X.

Learn extra CNBC politics protection

Whereas the package deal can’t formally go the higher chamber till the ultimate vote, the procedural vote was thought of a giant take a look at for Thune.

The vote comes after weeks of turmoil and pressure over the huge package deal that uncovered bitter coverage disputes and emboldened some agency Republican holdouts.

The sweeping home coverage package deal may even need to be handed once more within the Home, which simply narrowly handed its personal model of the invoice final month.

Some Home Republicans have already expressed opposition to key components of the Senate model of the invoice — most notably deep cuts to Medicaid — doubtless foreshadowing an in depth vote within the decrease chamber.

Each Thune and Home Speaker Mike Johnson maintain slender majorities of their respective chambers, which means they will solely afford to lose the assist of a small variety of Republican lawmakers to go the package deal in a party-line vote.

In the meantime, Trump continues to induce lawmakers to get the package deal handed earlier than Republicans’ self-imposed July 4 deadline.

“President Trump is dedicated to retaining his guarantees, and failure to go this invoice could be the last word betrayal,” the White Home mentioned in a press release of administration coverage on Saturday.

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