By Jennifer Schutt | AZ Mirror
U.S. Senate Republicans on Thursday advanced a budget resolution that, once approved by both chambers of Congress, will pave the way for trillions of dollars in tax and spending cuts.
The 52-48 vote moved senators one step closer to a marathon amendment voting session, which will likely take place Friday or Saturday, before they give the budget their final stamp of approval. Kentucky Republican Sen. Rand Paul was the only member of his party to vote against moving forward.
The House will have to vote to adopt the revised budget resolution in order to unlock the complex reconciliation process that GOP leaders plan to use to enact an extension of the 2017 tax law, hundreds of billions in new funding for border security and defense, and substantial cuts to federal spending.
The compromise budget resolution, released Wednesday, will also clear the way for Republicans to raise the debt limit later this year by between $4 and $5 trillion.
