
‘We learned some lessons': How Chuck Schumer and Democrats are gearing up for the next funding fight with Trump
Months after a contentious fight that put him at the center of anti-Trump Democratic outrage, Schumer is already taking steps to avoid, once again, being put in an impossible position between Democratic voters gunning for an ugly shutdown fight with Trump and his party's long-time stance that Democrats should fund the government. This time, they don't want to find themselves with little leverage to get out of a government shutdown with a Republican president.
Members say Schumer's strategy is to start laying the groundwork early for what will be a contentious and unpredictable post-August recess with the hope of avoiding the 'Democrats in disarray' narrative that plagued the party in the spring.
'We learned some lessons on what to do and not to do,' one Democratic senator said of the difference between now and the March funding fight. 'Schumer's working on trying to find a path that unifies us.'
On Tuesday, Democrats held a lengthy caucus-wide meeting on the path ahead and the Senate minority leader met with his House counterpart, Hakeem Jeffries, later in the day.
Members and aides caution there is no formal plan yet for how to tackle Democrats' next showdown with Trump, but it's clear Schumer wants to shield his party from the intense backlash it faced from their voters in March – and avoid his own black eye in the process.
Finding consensus, however, won't be easy nor is it a guarantee in a diverse caucus where just nine members joined Schumer in voting with Republicans in March to keep the government open. Since then, Democrats' reasons for challenging Trump have only grown. Republicans passed a massive tax and spending cuts bill that included historic slashes to Medicaid and food programs with just GOP votes. Republicans also voted last week to claw back $9 billion in federal funds for foreign aid and public broadcasting that had already been appropriated by Congress.
'Here's where I am. Unless the Republicans agree to a no rescissions clause, a vote on an appropriations bill is a fake,' Sen. Angus King, an independent who caucuses with Democrats, told CNN.
King was among those in the caucus who voted with Schumer and the GOP to keep the government open, but now King says he has not decided yet if he'd be willing to do that again in the fall.
'Why vote for an appropriation bill if two weeks from now they can submit a rescissions package and undo everything that is in the bill?' King asked. 'Fool me once, shame on you. Fool me twice, shame on me. I am not going to be fooled twice.'
The challenge for Democrats is that they are finding themselves between two realities. On the one hand, Office of Management and Budget Director Russ Vought and conservatives on Capitol Hill are signaling a willingness for steeper budget cuts that reflect the massive slashes from Trump's Department of Government Efficiency. On the other, Senate Democrats are also working cooperatively with Republicans on the appropriations panel to pass several of the bills to fund military and veterans, agriculture and the legislative branch with broad bipartisan support. And they realize that if the government does shut down –- they may not have the leverage to reopen it.
'There is a real tension between Russ Vought and OMB and the rescissions vote, which are going right at a stable, steady appropriations process and what has been happening on committee so far,' Delaware Sen. Chris Coons, the top Democrat on the Defense appropriations subcommittee, said.
Tuesday night, most Senate Democrats joined Republicans on a procedural vote to advance the military and veterans spending bill on the floor, and Schumer signaled that Democrats don't want to stand in the way of advancing bipartisan spending bills that his members have worked hard on.
But, there is still a number of factors outside of Schumer's control. For one, House Republicans will manage their appropriations process. Already, conservatives are laying the groundwork for a full revolt if Speaker Mike Johnson tries to move ahead with a stopgap government funding measure known as a continuing resolution rather than passing all 12 individual spending bills. And even if the House could pass the dozen bills with their tight majority, they would many are likely to be nonstarters in the Senate where Republicans need 60 votes to advance their bills.
House Minority Leader Hakeem Jeffries signaled this week that Democrats were in no mood to help Republicans pass those bills.
'It's my expectation that if Republicans tried to jam a highly partisan spending bill down the throats of the American people here in the House we'll reject it,' the New York Democrat said when asked by CNN if he would take the same tactic as last year in rejecting GOP spending bills.
'At the end of the day, Republicans control the trifecta,' Sen. Mark Warner, a Democrat, said of the unpredictability of the next few months for the party.
In March, Schumer defended his decision to vote with Republicans to keep the government open. He argued that not doing so would give Trump more power, not less. And he downplayed the divisions within his ranks even as some members openly clashed with him over his decision.
But in recent weeks, Schumer has signaled he's open to preparing a number of options depending on how the spending talks unfold, and Democratic members say he has been deeply engaged for weeks on how to manage the September fight.
The minority leader held an impromptu press conference last week assailing comments from Vought that the appropriations process should be more partisan going forward. On the floor, Schumer warned Republicans that any passage of a spending cuts package with just GOP votes would poison the well for the September funding talks.
Sen. Tim Kaine, a Democrat who voted against the stopgap funding bill in March, told CNN that Schumer clearly has taken lessons from the spring and carried them forward to this moment.
'I definitely know in the aftermath of that, he called all 47 of us. We were on recess the following week, he called all 47. What do you think? What should we do differently next time? I mean he's been very diligent in trying to seek advice and then also engage in significant discussions in the caucus about CRs and spending battles,' Kaine said.
There are signs that some Senate Democrats – even those who were willing to vote for a stopgap measure to keep the government open last time – aren't as willing to repeat the move.
A number of Democrats are also clamoring for Republicans to put in writing that any spending deal they agree to won't be reversed later with a GOP-only package to pull back funding for programs they don't like.
'I don't understand what it means to negotiate an appropriations deal with Republicans unless they have put in writing that there will be no rescissions and no impoundment,' Sen. Elizabeth Warren, a Massachusetts Democrat, said.
But Democrats like Sen. Jeanne Shaheen, who voted with Schumer to keep the government open in the Spring, warned the most important thing is that Republicans and Democrats in the Senate agree that they, not the executive branch, should be making the spending calls.
'This really shouldn't be a partisan issue. It's a which branch of government are you in and what kind of oversight to you want to have over the executive?' she said.
As for what Democrats learned from the spring fight, Shaheen offered one piece of guidance that she thinks Schumer is exercising now.
'I think in terms of lessons learned, I think the big lesson was we should have talked about it sooner and made it clear sooner what we thought was important to do.'
In the House, some Democrats are also warning that early talk of a funding plan may help manage expectations from Democratic voters.
'A lot of people are looking for that silver bullet or that hidden stake that is going to take out Trump. Standing up on the appropriations bill is not going to be that,' Rep. Adam Smith, a Democrat from Washington, said.
As for the GOP, many Republicans argue it's up to Democrats to decide how contentious the next eight weeks will be.
'Democrats need to decide do you want a deal? Do you want a shut down? Do you want a CR? What do you want to do? It's really not our choice,' House Appropriations Chairman Tom Cole said.
'I think a shutdown is a losing game for them. They should have learned that last time, but they beat up poor Chuck Schumer when he did the right thing, kept the government open and accepted the CR.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
AccessFintech Appoints Sarah Shenton Chief Executive Officer
Longtime board member and capital markets leader to guide company's next phase of product innovation and global growth NEW YORK, July 28, 2025 /PRNewswire/ -- AccessFintech, the data network driving capital optimization and greater operational capacity, today announced the appointment of Sarah Shenton as Chief Executive Officer, effective immediately. This strategic leadership change marks a significant step for the company as it positions itself for its next phase of growth. Shenton brings over 20 years of experience in operations, engineering and strategic investing to AccessFintech. Most recently, she led the Value Accelerator at Goldman Sachs' alternative assets business, where she collaborated with leadership teams at high-growth companies to drive scale, operational efficiency and commercial success. A long-time advocate for AccessFintech, Shenton led Goldman Sachs' Series A investment in the company and served as a Board Director from 2018 to 2025. She succeeds John Shay, who has effectively led the company as Interim CEO. John will remain part of the firm as Special Advisor to the CEO, ensuring a seamless transition and offering continued support and industry expertise to the leadership team. "Sarah brings a rare combination of operational depth, technical insight and strategic vision to the CEO role," said John Shay. "Her deep knowledge of our company and industry, alongside her commitment to our mission, will be invaluable as we embark on our next growth phase." "I am honored to take on the role of CEO," said Sarah Shenton. "We've created a strong foundation and an ecosystem that matters, and now is the time to build on this success and deliver exceptional value to clients. As technology continues to transform markets, I look forward to working with our amazing team to seize the exciting opportunities ahead." Shenton's appointment follows a unanimous decision by the Board, built on years of close collaboration during her tenure as a Director since 2018. "Sarah's deep market expertise and long-standing commitment to AccessFintech's vision make her exceptionally well-suited to guide the organization into its next chapter of growth," said Kevin Marcus, Partner at WestCap, on behalf of the AccessFintech Board. "We are also deeply grateful to John Shay for his steady leadership as Interim CEO and are pleased he will continue to play an active role on the team as an Advisor." AccessFintech has built a powerful data and workflow platform —the Synergy Network— that connects and distributes 75+ distinct data sets across 250+ leading financial institutions, enabling real-time collaboration and execution management across the post-trade lifecycle. Under Shenton's leadership, the company will continue to strengthen its role as a critical player in capital markets infrastructure and advance its mission to improve financial operations for clients. About AccessFintechAccessFintech enables improved data sharing and workflow collaboration to evolve the financial industry's operating model. At its core is the AccessFintech Synergy Network, a modern and secure collaboration network that allows for resolution and decision-making in one place. It facilitates data collaboration at scale and provides more visibility into transaction data and access to benchmarking insights. Synergy's workflow optimization speeds and simplifies transactions through digital automation, mutualizes risk and allows for better, more enlightened decision-making across organizations and functions. It also offers broad technology distribution that provides industry-wide connectivity to new technologies, reducing the cost of ownership for all. The Synergy Network has built a critical mass of data, participants and solutions with leading financial institutions and processes over a billion transactions every month. For more information, please visit or follow us on LinkedIn or X. Media Contactmarketing@ View original content to download multimedia: SOURCE AccessFintech Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 minutes ago
- Yahoo
VW's Audi cuts full-year outlook, citing tariffs and restructuring
(Reuters) -Volkswagen's premium brand Audi on Monday cut its its full-year guidance, citing the impact of higher U.S. import tariffs and restructuring expenses. The company now expects revenue between 65 billion euros ($76 billion) and 70 billion euros, down from a previous range of 67.5 billion to 72.5 billion, and an operating margin between 5 and 7%, down from a previous range of 7 to 9%. Audi said it is still assessing the implications of the recently concluded tariff agreement between Washington and the European Union. ($1 = 0.8535 euros)
Yahoo
9 minutes ago
- Yahoo
Seacoast Banking Corp of Florida (SBCF) Q2 2025 Earnings Call Highlights: Strong Net Income ...
Release Date: July 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Seacoast Banking Corp of Florida (NASDAQ:SBCF) reported a substantial 36% increase in net income from the prior quarter, driven by a 10 basis point expansion in net interest margin. The company achieved a solid annualized loan growth of 6.4%, supported by a strong commercial pipeline and successful recruitment of top talent. Asset quality remains sound with non-performing loans declining to 0.61% of total loans and net charge-offs at just $2.5 million. The acquisition of Heartland Bank shares was successfully closed, and the company is on track to close the Villages Bank Corporation acquisition, which is expected to enhance profitability. Seacoast Banking Corp of Florida (NASDAQ:SBCF) maintained a strong capital position with a tier one capital ratio of 14.6% and a tangible common equity to tangible assets ratio of 9.75%. Negative Points The competitive landscape in Florida is becoming increasingly challenging, particularly in the commercial real estate sector. Deposit costs, although managed down, remain a focus area, with the need to balance growth and rate management. The company faces uncertainty due to potential economic and fiscal policy decisions impacting borrowers. There is pressure on loan pricing and structure, with increased competition leading to spread compression and longer interest-only periods demanded by sponsors. The impact of tariffs and potential rate cuts by the Federal Reserve add uncertainty to future financial performance. Q & A Highlights Warning! GuruFocus has detected 4 Warning Signs with BOM:500183. Q: Can you discuss the drivers behind the recent growth trends and the competitive landscape in Florida? A: Chuck Schaffer, Chairman and CEO, explained that growth is driven by successful recruitment of top talent and strong economic conditions in Florida. The competitive landscape is intense, with large banks re-entering the commercial real estate space, but Seacoast continues to perform well by carefully selecting opportunities. Q: How do you view funding costs and opportunities for core deposit growth, especially with the Heartland and Villages deals? A: Michael Young, Treasurer, noted that proactive management has reduced deposit costs. The focus is on growing core operating accounts and leveraging banker relationships to bring in full customer relationships. Seasonal trends should also support deposit growth in the second half of the year. Q: With the two acquisitions and potential Fed rate cuts, how do you plan to optimize the balance sheet? A: Michael Young highlighted that the acquisitions provide valuable deposit franchises, allowing for balance sheet optimization and margin expansion. The focus will be on managing interest rate risk and leveraging banker hires for loan growth, aiming for a loan-to-deposit ratio of 80-85%. Q: How do you anticipate deposit betas evolving with potential rate cuts? A: Michael Young stated that Seacoast was aggressive with deposit betas during rate hikes to protect liquidity and plans to be similarly aggressive in reducing them as rates decline. The expectation is to return to more normalized betas with future Fed cuts. Q: What is your outlook on credit quality and charge-offs? A: Chuck Schaffer and Michael Young both emphasized that credit quality remains stable, with no signs of deterioration. The expectation is for charge-offs to stabilize at mid-cycle levels of 20-25 basis points, following the liquidation of a consumer fintech portfolio that previously impacted charge-offs. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data