Senate Passes Controversial Budget Resolution Amid Medicaid Concerns

Senate Republicans have passed a new budget resolution aimed at facilitating the extension of President Trump's 2017 tax cuts and implementing significant spending reductions, despite concerns from House Republicans and potential implications for Medicaid funding. The budget plan, which cleared the Senate with a party-line vote, could increase the federal debt by an estimated $5.7 trillion, according to critics, while Republicans project a $1.5 trillion increase. The resolution sets the stage for the reconciliation process, requiring both chambers to agree on a unified budget to move forward with legislative changes. Amidst ongoing negotiations, the budget contains directives for various committees that may impact higher education funding and health programs, particularly Medicaid. Concerns have been raised by healthcare professionals regarding the potential cuts to Medicaid, which could limit access to care for low-income patients. The resolution reflects deep divisions within Congress as lawmakers navigate the complexities of fiscal policy amidst market volatility.