TL:DR
Senate lawmakers voted 51-48 to approve a revised version of a GOP-crafted budget resolution in the early hours of April 5, with just two Republicans breaking ranks, Rand Paul of Kentucky and Susan Collins of Maine
, to join with all Democrats who opposed it.Budget resolutions are non-binding and don’t become law, but when both the House and Senate pass identical resolutions, they move to advance a reconciliation bill that ultimately can become law. A reconciliation bill, which goes through an expedited approval process, incorporates specific top-line debt limits, spending caps and cuts, and tax credits outlined in the budget resolutions.
The Senate bill would increase the amount of allowable debt to $5.8 trillion through fiscal 2034, more than double that of the $2.8 trillion allowed in the version passed by the House March 5.
My Thoughts 💭
Burrrrrrrr 💵