Bill that decrease foreign aid and public broadcasting moves to Trump’s desk

The US House of Representatives has passed a bill permitting Congress to recover billions in pre approved funding for foreign aid and public broadcasting.

The US Senate passed its version of bill less than 24 hours earlier.

The bill will view the government cut $9bn in total was passed in 216 to 213 votes before hours after midnight on Friday.

All democrats and two Republicans voted against cuts.

The bill now moves to President Donal Trump desk to signed into law

“This Is Big” on social media after vote.

According to US media this recissions package was first to succeed in more than 30 years.

As Senate was preparing to vote on its version of bill people in Alaska were told to tune into local radio station.

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“Public radio is lifeline connection rural communities to rest of nation and providing life saving emergency broadcasting and weather alerts.

It cannot be replace.”

Republicans have said the recissions package a political tool to decrease funding approved by Congress is likely to first of many.

“This is not the end its the beginning” House Speaker Mike Johnson told after the bill was passed.

The victory for Republicans and President Trump is latest progress in ongoing attempt to shrink government spending.

Nine billion dollars is good begin. House Majority Leader Steve Scalise said.

The approved funding cuts consist of large reductions to Corporation for Public Broadcasting which includes NPR and PBs.

It also consist cuts to US Agency for International Development the largest US global humanitarian programme.

The spending cuts were smaller than Trump originally proposed.

In senate version of bill lawmakers voted to keep $400m in budget for Pepfar a gloabl Aids prevention programme bring the cuts from $9.4bn to $9bn.

The bill faced lot of difficulties throught the Senate and House with lawmakers on both side have disagreemt to foreign aid and public proadcasting.

The next SEC chair must be named before next US election Tyler Winklevoss

Gemini co founder Tyler Winklevoss argues that crypto industry should not tolerate any chance of a repeat of last 4 years.

The US government must take action to inform the crypto industry who will lead the securities watchdog before US election according to Gemini co founder Tyler Winklevoss.

Winklevoss believes this perfectly captures President Joe Biden administration position on crypto industry. The Biden Harris Administration had chance to try and reset the relationship with crypto industry this week.

We should demand to know among other things who the next chair of the SEC before we head to ballot box. Winkelvoss declared on X post on July 26 while opening up that he and his brother Cameron Winklevoss also a Gemini co founder were uninvited from a latest event at Whit House for endorsing Donald Trump.

This is table stakes and this is how you make crypto bipartisan. No more guessing. No more hoping. no more surprises. Our industry should not tolerate any chance of a repeat of last 4 years. Winklevoss said.

Winklevoss shared his hope that politicians will stop attending Bitcoin conference. Crypto should become so mainstream that it no longer need debate.

Like going to a conference on whether or not email or the internet should be legal or allowed he stated.

The post cam on 2nd day of the Bitcoin 2024 conference in Nashville Tennessee which saw several politicians make appearances. Independent Presidential candidate Robert F Kennedy Jr delivered a speech praising the role Bitcoin should play in improving the US economy and American way of life.

He promise to sign a various executive orders on first day in office to start the process.

US president Donald Trump will headline the event.

Gary Gensler the current chair of the US Securities and Exchange Commission since February 2021 has become a controversial person in crypto industry due to various statements and decision he has made past year which have been viewed as anti crypto.

His 5 years terms end in June 2026.