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Trump endorses House budget plan amid competing proposals in Congress
CBSN
Washington — President Trump endorsed House Republicans' budget proposal that would enact trillions of dollars in spending and tax cuts in a single bill, saying on Wednesday that he prefers that approach over the Senate's competing two-bill plan.
"We need both Chambers to pass the House Budget to 'kickstart' the Reconciliation process, and move all of our priorities to the concept of, 'ONE BIG BEAUTIFUL BILL,'" Mr. Trump wrote in a post on Truth Social. "It will, without question, MAKE AMERICA GREAT AGAIN!"
The president praised House and Senate Republicans, saying they're doing a "SPECTACULAR job of working together as one unified, and unbeatable." But he said the Senate proposal would address just part of his agenda to begin, while the House's proposal would address it in its entirety. Both approaches would rely on a process known as budget reconciliation that allows legislation to pass the Senate with a simple majority.
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Defense Secretary Pete Hegseth has directed the Pentagon to come up with plans to cut 8% from the defense budget in each of the next five years, according to sources familiar with his plans. The Defense Departmen expects to redirect those fund to other programs in the department that would be prioritized by President Trump.
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Washington — President Trump will speak at an investment conference in Miami sponsored by Saudi government entities on Wednesday, an address that comes as the Trump Organization seeks to expand its real estate empire in Saudi Arabia and the president looks to strengthen ties with the Middle East partner.