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Republican senators roll out DOGE budget proposals for Trump's 'big, beautiful bill'

Republican senators roll out DOGE budget proposals for Trump's 'big, beautiful bill'

Yahoo2 days ago

EXCLUSIVE: A group of DOGE-minded lawmakers is rolling out a series of budget proposals to add to the Senate version of the One Big Beautiful Bill Act narrowly passed by the House.
The effort, led by Senate DOGE Caucus Chairwoman Joni Ernst, will include several major proposals forged by Republicans from both chambers, seeking to help offset trillions in extant government spending.
While a $9.4 billion rescissions package, a formal request from the executive branch to codify its DOGE cuts, is in the works, proponents of the Senate DOGE package say their total estimated savings would accentuate that and also surpass it in value.
National Debt Tracker: American Taxpayers (You) Are Now On The Hook For $36,215,685,667.36 As Of 6/9/25
"We have a 'big, beautiful' opportunity to reduce reckless spending and save billions of dollars," Ernst told Fox News Digital Thursday.
"Defunding welfare for politicians, stopping bogus payments and ending unemployment for millionaires are just the start of my commonsense solutions to continue rooting out waste, fraud and abuse. Washington has lived high on the hog for far too long, and now is the time to tighten the belt," the Senate DOGE chairwoman added.
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Senate DOGE addendums to the Big Beautiful Bill Act during negotiations will include a plan from Ernst called the ELECT Act, which she said claws back hundreds of millions of dollars treated as "welfare for politicians."
While $320 million from the fund was diverted to the Secret Service last year, the current $17 million sitting in the account is expected to rise to the $400 million it typically sat at by the end of the year, Fox News Digital has learned.
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Partnered in that first piece of the DOGE package is also language stripping former presidents of certain perks like additional taxpayer-funded office space and non-security-related staff.
More than a dozen Senate Republicans also signed onto that portion of the package.
"The federal government must be held accountable for every tax dollar spent," said co-sponsor Mike Lee of Utah.
House DOGE Caucus Chair Aaron Bean, R-Fla., also contributed to the package. The Senate version of his DOGE in Spending Act will be included in Senate negotiations.
That portion requires any government expenditure to be accompanied by a tangible record to be provided to the Treasury after DOGE found $160 billion in taxpayer funds being distributed without an identification code or in a fraudulent manner.
"The American people deserve a government that is efficient, accountable and fiscally responsible. That's why the House successfully advanced DOGE reforms through reconciliation that will safeguard America's financial future," Bean told Fox News Digital.
"I encourage the Senate to build on the work we've done in the House to deliver lasting fiscal responsibility to the American people."
Other pieces of the Senate's DOGE package include ending what proponents call "unemployment for millionaires," disqualifying people earning more than $1 million per year who lose their jobs from any unemployment support.
More than $271 million had been disbursed to that bloc between 2021-2023, proponents said.
Rep. Scott Perry, R-Pa., a former chairman of the conservative House Freedom Caucus, is leading the Protecting Taxpayers' Wallet Act in the lower chamber. The bill's language, which ends taxpayer-funded union time when government workers negotiate their contracts while on the clock, will be included in the Senate DOGE package.
Another portion will compel the sale of six unused or underutilized federal buildings in Washington, D.C., that lawmakers say would free up $400 million in savings annually.
The final portion will "snap back inaccurate SNAP payments," Ernst said.
The effort will work to identify errors, force collection of overpayments to SNAP recipients and hold states with high levels of their own payment inaccuracies accountable for their negligence.
In 2023, approximately $11 billion in SNAP funds were overpaid, but the package's authors noted individual errors of $54 or less aren't included in the tally.
Democrats have been critical of DOGE efforts and the separate rescissions package. Sen. Chris Coons, D-Del., told Fox News Thursday a successful version of the latter hasn't passed since the first Bush administration.
"Congress' role in setting spending would be done away with, so this first rescission should be defeated," he said.
Fox News' Tyler Olson contributed to this report.Original article source: Republican senators roll out DOGE budget proposals for Trump's 'big, beautiful bill'

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Republicans, some Democrats and even ex-Gov. Rod Blagojevich weigh in on ex-Speaker Michael Madigan's sentence
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Europe's most valuable boss? How Christian Klein went from a 15-year-old intern to SAP's savior
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May has been quite a month for Christian Klein, the baby-faced boss of Europe's most valuable company, SAP. He has just finished off his opening keynote at SAP's Sapphire event in Madrid, a summit attended by more than 6,000 people, when he finds time to squeeze in a putt-off on the main stage with Team Europe's 2014 Ryder Cup captain, Paul McGinley. A hole in one (on his second attempt) seems a fitting celebration. The false start nature of his foray on the putting green is reflective of his time at the helm of SAP, with his latest landmark the culmination of a tumultuous introduction, several false starts, and an overhaul of the company's organizational structure. Boasting a market value of $350 billion as of the end of May, SAP outpaced a struggling Novo Nordisk and a stunted luxury retail sector in March to confirm the unusual sighting of a German tech group atop Europe's public markets. Novo Nordisk reclaimed the mantle on the morning of June 13. 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Examples of long-running CEOs at Fortune 500 companies are rare. Burnout, a lack of experience, or boardroom preference for an outsider mean the onetime graduate rarely progresses to the boardroom. BMW's Oliver Zipse and General Motors' Mary Barra are two rare examples of CEOs who have worked at the same company for their entire careers. When that happens, Klein, unsurprisingly, sees it as an advantage. 'In the early days of becoming a CEO, it was of extreme value to understand who my stakeholders are. Because the transformation is not only about, 'Oh, we are now developing all software in the cloud,' it's a transformation for everyone. Everything is changing. And that's why I would say, in this situation, it was definitely a big plus,' Klein says on the advantages of being a lifer at SAP. 'I had to make sure that I communicated extremely often. All hands, investor meetings, customer meetings, because you have to explain more than once why this change is needed.' The rewards have been lucrative. In February, Klein secured a record $19.8 million payday for his efforts turning around SAP in 2024, a 165% increase on the year before. SAP stock surged to make it Europe's most valuable company weeks later. After an aggressive five-year overhaul, the outside observer would be pretty confident in declaring Klein had afforded himself the space to relax. Instead, though, Klein appears emboldened to go further, and look to the U.S.'s dominant tech sector. 'I would say I'm a bit more demanding than at the beginning, where there was sheer uncertainty. And I just had to make sure, as a leader, that everyone believes that the strategy is the right one. Now everyone believes in the strategy. Now it's about, 'How can we raise the bar and compete with the biggest tech companies in the world?'' This story was originally featured on Sign in to access your portfolio

Column: Will Tesla suffer if Musk alienates both political wings?
Column: Will Tesla suffer if Musk alienates both political wings?

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Donald Trump and Elon Musk — two epic disrupters of U.S. politics and the automotive industry, respectively and vice versa. Over the past year, they united over the election and efforts to cut government spending. They parted ways amicably … and then started trashing each other. It escalated quickly with Musk suggesting that the president be impeached and that he is implicated in the Jeffrey Epstein child-prostitution scandal. Musk later reportedly called the president before posting that he regretted some of his words: 'They went too far.' It was a remarkable breakup — incredible drama between the world's most powerful man and the world's richest man, who had been the closest of allies for hundreds of days of campaigning and governing. To the extent that it was a reality TV train wreck, I'd just as soon leave it be. But since the primary business in Musk's remarkable portfolio is nominally an automaker, it actually matters in this industry we cover. Sign up for Automotive Views, Automotive News' weekly showcase of opinions, insights, ideas and thought leadership. Love it or hate it, this disruptive era in which we live is providing us all with some real-life experiments in economics — the likes of which we probably thought we would never see. For decades, basically everyone who went to college was taught in an economics or history class that widespread tariffs would do more harm than good. Trump argues for a different approach, and he's pursuing it. Or he's pursuing it to negotiate for something else. In either case, we're now seeing how that works: So far, there's been a lot of paralysis, especially among suppliers and foreign automakers, but also a big investment announced recently by General Motors. His political strategy has been unorthodox, yet he's won two electoral colleges and one popular vote. He's only the 21st president to win two elections. So he's had success, whether some people like it or not. Same for Musk, of course: He approached the auto industry unlike anyone else — with an expensive electric car — had a couple of near-total collapses, and came out as the world's richest man and CEO of the world's most valuable automaker. That success helped propel his rocket business SpaceX and other ventures such as Starlink satellites and Twitter, which he bought and renamed X. But the disruptive move I'm watching was his decision to be an automaker CEO who got personally and financially involved in partisan politics. While new-vehicle sales skew to the affluent, when you sell something in the millions or tens of millions, a brand or model has to connect with a broad swath of people. And while there can be success with, say, a polarizing design, mass-market brands generally try to avoid alienating large chunks of their potential customer base. I've cited here before the story about Michael Jordan saying he didn't speak out on politics because 'Republicans buy sneakers, too.' In retrospect, he said it was just a funny line among friends. But the thing is that he wasn't wrong, and every business school graduate knows it. Musk, however, is not your typical MBA type. So out of his frustration with former President Joe Biden — who habitually sided with the UAW and its automakers against the U.S.-based global leader in EVs, even as he advocated for a carbon-neutral future — Musk threw an estimated quarter of a billion dollars behind the Trump campaign. That's an unbelievable sum of money to many of us, but when Trump won, it looked like the greatest bet ever. From late October to late December, Tesla stock more than doubled and its market cap approached $1.5 trillion. While Musk's political activism may have upset many of his loyal, environmentally motivated customers, there were a lot of reasons to be bullish on Tesla under Trump. It seemed likely that NHTSA and the SEC would take a more sympathetic view of the company's issues. Beyond that, Musk has refocused the company's future on artificial intelligence, humanoid robots and robotaxis. (Tesla said it plans to launch its service in Austin, Texas, on June 22.) A new administration with a deregulatory inclination toward self-driving cars was a significant tailwind. Now, those advantages for Tesla are gone or at least seemingly diminished. Structures that have legacy automakers paying to buy Tesla's credits for selling emission-free, fuel-efficient vehicles could be eliminated. (And let's not forget that Trump hinted at ending federal contracts with other Musk-affiliated companies.) Turning back to the auto business: The conventional wisdom is that Musk has now alienated all but the most apolitical consumers. Environmentally minded liberals might like EVs, but Musk's support of Trump (and the far-right Alternative for Deutschland party in Germany) has them seeking out other brands' offerings. There might have been an opportunity to become the preferred electric brand of the president's Make America Great Again movement — especially the tech-forward, high-income types and those motivated by the president's endorsement of the brand on the White House grounds. But after this month's blowup — with longtime Trump adviser Steve Bannon arguing to deport Musk — that notion seemed ever more remote. No fans on the left, no fans on the right. Is Elon out in deep water in an electric boat surrounded by sharks with no friends to bail him out? Maybe not. There is significant animus against Musk on the EV-inclined left, especially in the wake of his DOGE team's deep and sometimes chaotic cuts to government entities and programs. Certainly, protests at auto retail outlets are rare. The damage to stores is not acceptable, but it shows the intensity of the situation. But I still have to wonder how far consumers will follow those kinds of feelings. Michiganders, for instance, often assume that Americans prefer to buy American cars made by American (union) workers. But I've been to America, and most of them don't care. They want the best car for their money, whether it's American, German, Japanese or Korean. Some are clamoring for cheap Chinese cars: If Xi Jinping wants to pay for half of their EV, they ask, why not let him? So maybe they won't care about Elon's politics. Tesla sales are down a little this year, but some of that might be attributable to production hiccups. If the Model Y — the bestselling model in the world last year — provides a great value, they'll probably buy it regardless of what they think of the CEO. And now we get to find out. Have an opinion about this story? Tell us about it and we may publish it in print. Click here to submit a letter to the editor. Sign in to access your portfolio

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