No Result
View All Result
  • Login
Monday, June 8, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Business

Will Trump Strike Out or Make a Comeback in Congress This Week?

by theadvisertimes.com
5 hours ago
in Business
Reading Time: 4 mins read
A A
0
Will Trump Strike Out or Make a Comeback in Congress This Week?
Share on FacebookShare on TwitterShare on LInkedIn


The saga continues. Congress is back in session today, and it’s time to pick up yet again all the legislative battles so dramatically set down last week. Will the Senate reauthorize FISA before it expires in just four days? Can the upper chamber’s hard-won reconciliation bill clear the lower without further amendment? And will the two houses agree to stop President Donald Trump from taking further action in Iran? The stakes are high, and the end is nigh.

Bill Pulte and the $1.776 Billion Elephant in the Room

Aside from the House-passed war powers resolution regarding Iran, the conflicts preventing Republicans from presenting a unified front stem largely from the president’s settlement with the IRS. His planned $1.776 billion anti-weaponization fund has lawmakers on both sides of the aisle all in a tizzy because he announced it to Congress rather than requesting its appropriation.

After a recent court ruling banning it, for now, the Trump administration has declared it wouldn’t go forward with the fund. But that wasn’t good enough for many. Both right after its announcement and just last week in the Senate, this controversial anti-weaponization fund proved to be a wrench in the legislative gears. By Thursday, May 21, the Senate seemed set to vote on the ICE and CBP reconciliation bill – and was expected to pass it. The House was poised to do the same the next day. But Tuesday’s announcement by Acting Attorney General Todd Blanche turned heads hot and feet cold in both chambers.

Rather than address the legislative issue, the two halves of Congress declared a recess and left the Swamp. They came back on June 1 to pick up the pieces – but, of course, they didn’t fully finish any one thing. Then, on June 2, Trump earned the ire of his Republican colleagues in Congress yet again by nominating Director of the Federal Housing Finance Agency and Chairman of Fannie Mae and Freddie Mac Bill Pulte to replace retiring Director of National Intelligence Tulsi Gabbard.

Wednesday, the House went on to pass a war powers resolution demanding an end to the Trump administration’s military actions in Iran, leaving the president’s legislative agenda untouched. Then, over the next two days, the Senate passed the much-ballyhooed reconciliation bill to fund ICE and Border Patrol through the end of Trump’s presidency – but not until more than a dozen Republicans at various times joined with Democrats to push poison pill amendments targeting everything from the IRS fund and Pulte’s appointment to funds for the White House ballroom and the immigration agencies themselves. Some even came quite close to passing, with one infamously hinging on a single Republican senator’s decision for almost three hours. Finally, the Senate gaveled out after refusing to take up the FISA Section 702 spy powers reauthorization, with seven Republicans citing concerns over Pulte’s nomination. As both chambers called it quits for the weekend, they left the same legislative logjam waiting to be cleared.

Will Congress Reach a Resolution – Or Kick the Can Down the Road Yet Again?

The House meets again at noon today, and the Senate starts up at 3 p.m. Will they actually resolve anything, though? That’s the question. President Trump reacted to the Republican revolt last week by backpedaling on the two big issues. Pulte will only hold the role of DNI temporarily, he said, and the anti-weaponization fund won’t move forward. But will that be enough to appease the angry lawmakers?

If the Senate doesn’t pass the House-amended FISA reauthorization this week, the Section 702 authority to conduct warrantless surveillance will expire on Friday. If the House passes the Senate’s hard-won reconciliation bill, Trump can get it signed into law just a week or so after his self-imposed June 1 deadline. Better late than never, right? But if even just four House republicans balk – or if they amend it at all – it’s back to the drawing board. Finally, will the two chambers unite against the president over fighting Iran, or will the GOP toe the line and shoot it down?

Two legislative packages the president wants passed and one he definitely doesn’t – as the late, great Meatloaf famously sang, “two out of three ain’t bad.” But any other outcome will mean another bad week indeed for Trump in Congress.

What is a reconciliation bill?

A reconciliation bill is a special procedure that allows the Senate’s 60-vote filibuster rule to be bypassed – but only on certain types of fiscal issues.

How does a reconciliation bill work?

Reconciliation bills pass by a simple majority (51 votes) and can’t be filibustered – but there are a few catches. The legislation is limited to only provisions that directly affect federal spending, revenues, or the debt ceiling; it’s subject to unlimited amendments up to a certain time limit; and it can only be used so many times.

How often can a reconciliation bill be used?

Reconciliation can technically be used three times per fiscal year – once for federal spending, once for the statutory debt limit, and once for taxes – but, because of the difference between calendar years and fiscal years, there could be more in a single legislative session. Most of the time, however, it’s used only once or twice a year.



Source link

Tags: ComebackcongressstrikeTrumpweek
ShareTweetShare
Previous Post

AI Isn’t Wiping Out White Collar Work … Yet

Next Post

Top analyst fears bubble popping with investors and Wall Street out over their skis

Related Posts

TASE opens on sharp falls; Tidhar down on debut

TASE opens on sharp falls; Tidhar down on debut

by theadvisertimes.com
June 8, 2026
0

As hostilities between Israel and Iran resumed, the main indices continued last week's slide, and debutant stock Tidhar Group received...

Sterlite Tech shares slide 5% after rallying 56% in one month. Here’s why

Sterlite Tech shares slide 5% after rallying 56% in one month. Here’s why

by theadvisertimes.com
June 8, 2026
0

Shares of Sterlite Technologies dropped 5% to hit the lower circuit on Monday, after a massive 56% surge in one...

Top analyst fears bubble popping with investors and Wall Street out over their skis

Top analyst fears bubble popping with investors and Wall Street out over their skis

by theadvisertimes.com
June 8, 2026
0

The Nasdaq’s sudden lurch lower on Friday looked like a crack in a story that had seemed, until recently, almost...

AI Isn’t Wiping Out White Collar Work … Yet

AI Isn’t Wiping Out White Collar Work … Yet

by theadvisertimes.com
June 8, 2026
0

The death of white collar work might be greatly exaggerated. The naysayers and doom-and-gloom prognosticators have warned that artificial intelligence...

Analysts lift bets on India Inc after strong March quarter

Analysts lift bets on India Inc after strong March quarter

by theadvisertimes.com
June 7, 2026
0

ET Intelligence Group: A better than expected growth in corporate profits for the March 2026 quarter has prompted analysts to...

Another low-budget film crushes an expensive action movie at the box office

Another low-budget film crushes an expensive action movie at the box office

by theadvisertimes.com
June 7, 2026
0

After three weeks of indie horror dominance at the box office, the slasher spoof “Scary Movie” topped ticket sales with $55 million...

Next Post
Top analyst fears bubble popping with investors and Wall Street out over their skis

Top analyst fears bubble popping with investors and Wall Street out over their skis

Sterlite Tech shares slide 5% after rallying 56% in one month. Here’s why

Sterlite Tech shares slide 5% after rallying 56% in one month. Here's why

  • Trending
  • Comments
  • Latest
FIS, InvestCloud aim to help advisors connect with younger clients

FIS, InvestCloud aim to help advisors connect with younger clients

May 20, 2026
6 Hotels Where Chase’s Points Boost Yields 2.5x

6 Hotels Where Chase’s Points Boost Yields 2.5x

May 22, 2026
Buy a 0K/Year Income Stream? This Is How to Do It

Buy a $500K/Year Income Stream? This Is How to Do It

May 22, 2026
Anthropic’s confidential S-1 signals summer AI IPO race could heat up fast

Anthropic’s confidential S-1 signals summer AI IPO race could heat up fast

June 2, 2026
Memorial Day 2026: Take Advantage of Food Freebies, Deals

Memorial Day 2026: Take Advantage of Food Freebies, Deals

May 23, 2026
Teacher Appreciation Week 2026 Deals Include Freebies, Discounts

Teacher Appreciation Week 2026 Deals Include Freebies, Discounts

May 4, 2026
Will Trump Strike Out or Make a Comeback in Congress This Week?

Will Trump Strike Out or Make a Comeback in Congress This Week?

0
12 Best Fidelity Index Funds in 2026

12 Best Fidelity Index Funds in 2026

0
China’s factory activity beats forecasts in May, private survey shows, despite softer official data

China’s factory activity beats forecasts in May, private survey shows, despite softer official data

0
Rebate Program for Distributors

Rebate Program for Distributors

0
Cardano Crash Exposes ADA’s Deeper Problem, Says Longtime Bull

Cardano Crash Exposes ADA’s Deeper Problem, Says Longtime Bull

0
TASE opens on sharp falls; Tidhar down on debut

TASE opens on sharp falls; Tidhar down on debut

0
TASE opens on sharp falls; Tidhar down on debut

TASE opens on sharp falls; Tidhar down on debut

June 8, 2026
Cardano Crash Exposes ADA’s Deeper Problem, Says Longtime Bull

Cardano Crash Exposes ADA’s Deeper Problem, Says Longtime Bull

June 8, 2026
Rebate Program for Distributors

Rebate Program for Distributors

June 8, 2026
This Week in Crypto Law (May 30, 2026)

This Week in Crypto Law (May 30, 2026)

June 8, 2026
Sterlite Tech shares slide 5% after rallying 56% in one month. Here’s why

Sterlite Tech shares slide 5% after rallying 56% in one month. Here’s why

June 8, 2026
Top analyst fears bubble popping with investors and Wall Street out over their skis

Top analyst fears bubble popping with investors and Wall Street out over their skis

June 8, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • TASE opens on sharp falls; Tidhar down on debut
  • Cardano Crash Exposes ADA’s Deeper Problem, Says Longtime Bull
  • Rebate Program for Distributors
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.