Trump Announces SoftBank Investment, GOP Plans to Use Reconciliation for Policy Push

PALM BEACH, FLORIDA - DECEMBER 16: U.S. President-elect Donald Trump speaks at a news conference at Trump's Mar-a-Lago resort on December 16, 2024 in Palm Beach, Florida. In a news conference that went over an hour, Trump announced that SoftBank will invest over $100 billion in projects in the United States including 100,000 artificial intelligence related jobs and then took questions on Syria, Israel, Ukraine, the economy, cabinet picks, and many other topics.

(Photo by Andrew Harnik/Getty Images) GOP leaders on Capitol Hill are expected to discuss their plans to use a legislative maneuver called reconciliation to push President-elect Donald Trump's policies forward once he takes office. Senators Tim Scott, R-S.C., Mike Lee, R-Utah, Ron Johnson, R-Wis., and Rep. Andy Harris, R-Md., are hosting a news conference on Wednesday. Republicans are planning a bill that would help implement Trump's tax policies, lower the federal deficit and enact conservative priorities in 2025. Reconciliation is a way Congress can expedite certain federal budget legislation in the Senate and bypass the filibuster. Lee slammed Congress for the lack of restoring executive power to the president during an interview on Fox News' “The Ingraham Angle.” He believes Congress should repeal the Impoundment Control Act, which blocks the president from cutting spending. 'It ties the hands of the presidents of the United States in order to not spend the full amount that Congress has given them, in fact to delay it for 45 days. The president has to come back, hat in hand to Congress, asking for permission to do that,' Lee said during the interview.'That why we need to introduce the legislation that I've introduced in the Senate and that representative Andrew Clyde of Georgia introduced in the House to repeal this bill that's stopping presidents from being able to clean up messes like this one,' Lee said on Tuesda

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Trump Announces SoftBank Investment; GOP Plans Reconciliation to Push AgendaPresident-elect Donald Trump announces a $100 billion investment from SoftBank, while GOP leaders prepare to use reconciliation to advance Trump's agenda.
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