Not politics, not interest rates: India’s surging economy at risk from water

Not politics, not interest rates: India’s surging economy at risk from water
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Residents fill their containers from a tap that dispenses water twice a day at a slum in New Delhi on June 27, 2024. (REUTERS)
Not politics, not interest rates: India’s surging economy at risk from water
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A man drinks water at a roadside stall serving free drinking water to commuters as a heat wave continues to grip the Indian capital, New Delhi, on May 22, 2024. (AP Photo/File)
Not politics, not interest rates: India’s surging economy at risk from water
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A woman walks carrying water collected from a public tap in a shanty town on the outskirts of Jammu, India, on June 18, 2024. (AP Photo/File)
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Updated 05 July 2024
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Not politics, not interest rates: India’s surging economy at risk from water

Not politics, not interest rates: India’s surging economy at risk from water
  • The world’s most populous nation has suffered from water shortages for decades, but crises are coming around with increasing frequency
  • Contaminated water kills about 200,000 Indians each year, according to the government

NEW DELHI: In the Vivekananda Camp slum, adjacent to the US embassy in New Delhi, communal taps supply brackish water for about two hours a day. Water delivered by tankers provides one additional bucket to each of its 1,000 residents for drinking and cooking.
In parts of the arid state of Rajasthan, southwest of the Indian capital, tap water is available once every four days for an hour. In rural areas near Mumbai, women and children travel more than a mile to get water.
Bengaluru, India’s tech hub of 14 million people, reeled under a water shortage this year and had to rely on tanker deliveries.
“We don’t wash the floor or do the laundry for days sometimes,” said Sampa Rai, a 38-year-old in Delhi’s Vivekananda Camp, who scrambles before dawn every day to meet the first tanker delivering water. “Not even the dishes. We have to manage with what we have.”
The world’s most populous nation has suffered from water shortages for decades, but crises are coming around with increasing frequency. This year, for example, the summer has been one of the hottest on record and the crunch has worsened with rivers and lakes drying up and the water table falling.
The shortages are affecting rural and urban Indians alike, disrupting agriculture and industry, stoking food inflation and risking social unrest. Contaminated water kills about 200,000 Indians each year, according to the government. People and the economy are suffering.
That is adding urgency to public and private-sector efforts to conserve the resource, find ways to recycle waste water and reduce the country’s over-reliance on the annual monsoon, especially in the agricultural sector.
Ratings agency Moody’s warned last week that India’s growing water stress could affect its growth, which at a projected 7.2 percent this April-March fiscal year is the highest among major economies.
“Decreases in water supply can disrupt agricultural production and industrial operations, resulting in inflation in food prices and declines in income for affected businesses and workers, especially farmers, while sparking social unrest,” Moody’s said.
The government plans to more than triple waste water recycling by the end of the decade to 70 percent, according to a federal government policy document dated Oct. 21, 2023 that listed priorities for the next five years.
Krishna S. Vatsa, a senior official at the state-run National Disaster Management Authority, confirmed the targets in an interview last week.
Authorities also plan to cut the extraction of fresh water — ground water and surface water from rivers and lakes — to less than 50 percent by the end of the decade from 66 percent, the highest rate in the world, said the document, which has not been made public and was reviewed by Reuters.
It will also launch a national village-level program this year to recommend crops to farmers based on local water availability, Vatsa said.
Details of plans to address the water crisis have not been previously reported.
Prime Minister Narendra Modi has already ordered authorities to build or refurbish at least 75 lakes in each of the 785 districts of the country. The government says work has been started or completed on more than 83,000 lakes. Experts say such lakes can help recharge the water table.
Modi launched a near $50-billion program in 2019 to provide all rural households with tap water. The government says it has now covered 77 percent of more than 193 million such families, up from 17 percent five years ago, but residents and experts say not all pipes have water.
“It makes the issue of conservation far more urgent,” Vatsa said. “You cannot sustain such a national pipeline without the availability of water. The pipes will run dry.”
He agreed some taps could already be dry.

Water stressed
India relies substantially on the annual monsoon for its 1.42 billion people and its largely rural-based economy, where water-intensive crops like rice, wheat and sugarcane take up more than 80 percent of the overall supply.
The monsoon itself is prone to severe and extreme weather conditions. Catchment areas are getting scarce because of rapid urbanization, so even in a good monsoon, much of the rainwater drains off into the sea.
India’s annual per capita water availability, at about 1,486 cubic meters, is set to fall to 1,367 cubic meters by 2031 as its population grows, government projections show. The country has been “water stressed,” defined as per capita availability of less than 1,700 cubic meters, since 2011.
“We have a crisis now every year,” said Depinder Singh Kapur at Indian research body Center for Science and Environment.
“Earlier it used to be drought years versus normal years, now a water crisis is happening every year and with more intensity.”
There are pockets where private enterprise is addressing the crisis.
In Nagpur, a city of 3 million people, the Vishvaraj Group said it helped build a $100 million plant in 2020 that treats 200 million liters of sewage per day, extracting 190 million liters of treated water that it sells to two thermal power plants.
Founder Arun Lakhani said the freed up fresh water will be enough to take care of the expected population growth of the city for the next 35 years.
Some industries are investing in waste water recycling and rain harvesting to cut their dependence on fresh water.
Tata Steel plans to cut its fresh water consumption to less than 1.5 cubic meters per ton of crude steel produced at its Indian operations by 2030, from about 2.5 cubic meters now. JSW Steel also has similar plans.
“At least to plug the gaps in urban areas, treated waste water is going to be one important resource that we need to start acknowledging,” said Nitin Bassi at Indian think-tank The Council on Energy, Environment and Water.
Experts say nearly 90 percent of water supplied to homes can be recycled, but infrastructure for water distribution and sewage treatment has failed to match the growth of major cities and untreated waste ultimately flows into rivers.
Modi’s administration is adding sewage treatment capacity to lift the current rate of 44 percent in urban areas so more water can be recycled and used in industries, agriculture and other areas.
Between 2021 and 2026, it plans to invest about $36 billion to ensure equitable water distribution, reuse of waste-water and mapping of water bodies, the government has said.

Thirsty farmers
The cultivation of crops like rice in semi-arid states has led to rampant extraction of groundwater through borewells and steep falls in water tables, according to government and industry officials.
“The elephant in the room is agriculture,” said Lakhani of Vishvaraj. “We still use flood irrigation, we are not on drip or sprinkler irrigation. If we save just 10 percent water used in agriculture, it will take care of water problems of all the Indian cities.”
The government plans to implement a nationwide rural program on water use this year, said Vatsa, the disaster management official.
“For every village we need to have water budgeting,” he said. “How much water is available? How much should be used for irrigation? How much should be used for your domestic purpose? That would determine what kind of crops you are going to plant.”
Asked about possible resistance from farmers, who are a powerful voting bloc, he said: “There’s no other choice. The water table is just going down and at some point it becomes completely unviable. The borewells fail.”


Taipei to host Shanghai delegation in rare high level visit

Taipei to host Shanghai delegation in rare high level visit
Updated 1 min 4 sec ago
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Taipei to host Shanghai delegation in rare high level visit

Taipei to host Shanghai delegation in rare high level visit
TAIPEI: Taiwan’s capital will host a rare high level Chinese delegation later this month when a deputy mayor of Shanghai visits for an annual city forum, a trip that will be happening at a time of heightened tensions across the Taiwan Strait.
Shanghai Vice Mayor Hua Yuan would visit from Dec. 16-17 for the Taipei-Shanghai City Forum, which was first held in 2010, Taipei city government spokesperson Yin Wei told reporters on Wednesday.
“This year is the 15th time it will be held, and 45 memorandums of understanding have been held in the past which a very good result for city exchanges between the two sides of the Taiwan Strait,” he added.
China’s official Xinhua news agency confirmed the forum would take place in Taipei this year.
“Cross-strait city exchanges are conducive to enhancing the affinity and well-being of compatriots on both sides of the Taiwan Strait and promoting the peaceful development of relations,” it said in a brief report.
Taipei Mayor Chiang Wan-an is from the main opposition Kuomintang party, which traditionally favors close ties across the strait and dialogue though denies being pro-Beijing.
Chiang is a rising star in the party and widely considered a future presidential candidate.
He visited Shanghai last year for the same city forum.
China, which claims the democratically governed island as its territory, has been carrying out military activities near Taiwan, including regularly sending fighter jets into the air space around it.
Taiwan’s government has pushed to re-open talks with China but Beijing refuses to engage with President Lai Ching-te, calling him a “separatist.”
Lai says only Taiwan’s people can decide their future.

Depleted by war, Ukraine gives absconding soldiers second chance

Depleted by war, Ukraine gives absconding soldiers second chance
Updated 18 min 14 sec ago
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Depleted by war, Ukraine gives absconding soldiers second chance

Depleted by war, Ukraine gives absconding soldiers second chance
  • Ukraine lacks soldiers to hold back much bigger enemy
  • Rate of troops fleeing front or bases has jumped in 2024

KYIV: As Ukraine’s military struggles to find enough troops, particularly infantry, to hold off Russia’s much larger army, some units are giving a second chance to those who have absconded from service.
Data from the prosecutor’s office shows nearly 95,000 criminal cases have been opened since 2022 against soldiers going “absent without leave” (AWOL) and for the more serious crime of battlefield desertion.
The number of cases has risen steeply with each year of the war: almost two-thirds of the total are from 2024. With many tens of thousands of troops killed or wounded, it is a depletion that Ukraine can ill afford.
Now, some units are replenishing their ranks by accepting soldiers previously declared AWOL.
One of them is Ukraine’s elite 47th Brigade, which published a social media post last month inviting soldiers who had absconded to join.
“Our aim is to give every soldier the opportunity to come back into the fold and realize his potential,” the post announced. In the first two days, the brigade said, over a hundred applications came in.
“There was a tsunami of applications; so many that we still aren’t able to process them all before new ones come in,” Viacheslav Smirnov, the 47th’s head of recruitment, said two weeks after the announcement.
Two military units Reuters spoke to said they were only recruiting soldiers who had gone AWOL from their bases, rather than those who had deserted from combat.
The former is seen within the Ukrainian military as a lesser offense. A bill recently signed into law has in effect decriminalized a soldier’s first disappearance, allowing them to return to service.
Thousands of Ukrainian soldiers rejoin after absconding
Col. Oleksandr Hrynchuk, deputy head of Ukraine’s military police, told reporters on Tuesday that 6,000 AWOL soldiers had returned to service in the last month, including 3,000 in the 72 hours since the law was signed.
Mykhailo Perets, an officer from the K-2 battalion of Ukraine’s 54th Brigade, said his battalion had already hired over 30 men who had gone AWOL from other units.
“The reasons [for absconding] are very different: for some people it was too tough a transition straight from civilian life, others served for a year or two as qualified pilots but were then sent to the front line because there wasn’t enough infantry.”
Perets said those who had applied also included men who had become exhausted and run away after being at war for seven or eight years, having fought Russian-backed forces in eastern Ukraine before 2022.
Gil Barndollar, a non-resident fellow at the US-based Defense Priorities think tank, said the increase in unauthorized absences was most likely driven by exhaustion.
Ukrainian service personnel have previously said how the lack of replacements for lost soldiers puts an unbearable strain on those remaining, exhausting them physically and mentally.
Barndollar also highlighted their average age as an additional strain.
“An army of men, often in poor health, in their 40s, all else being equal, is going to get exhausted sooner and is going to have morale problems faster than a reasonably fit army of 20- or 25-year-olds.”
Zelensky has responded to questions about the manpower problem by arguing that Ukraine lacks weapons rather than people, and pushed back against US pressure to lower the minimum draft age to 18 from 25.
He said in an interview with Sky News last week that Kyiv’s allies had been able to provide the necessary equipment for only a quarter of the 10 new brigades Ukraine had formed over the past year.


South Korean leader urged to resign or be impeached after imposing sudden martial law

South Korean leader urged to resign or be impeached after imposing sudden martial law
Updated 04 December 2024
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South Korean leader urged to resign or be impeached after imposing sudden martial law

South Korean leader urged to resign or be impeached after imposing sudden martial law
  • Yoon abruptly imposed martial law Tuesday night, vowing to eliminate “anti-state” forces after he struggled to push his agenda in parliament

SEOUL: South Korea’s main opposition party on Wednesday urged President Yoon Suk Yeol to resign immediately or face impeachment, hours after Yoon ended a short-lived martial law that prompted troops to encircle parliament before lawmakers voted to lift it.
Yoon’s senior advisers and secretaries offered to resign collectively and his Cabinet members, including Defense Minister Kim Yong Hyun, were also facing calls to step down, as the nation struggled to make sense of what appeared to be a poorly-thought-out stunt.
In the capital, tourists and residents walked around, traffic and construction were heard, and other than crowds of police holding shields, it seemed like a normal sunny, cold December morning.
On Tuesday night, Yoon abruptly imposed the emergency martial law, vowing to eliminate “anti-state” forces after he struggled to push forward his agenda in the opposition-dominated parliament. But his martial law was effective for only about six hours, as the National Assembly voted to overrule the president. The declaration was formally lifted around 4:30 a.m. during a Cabinet meeting.
The liberal opposition Democratic Party, which holds a majority in the 300-seat parliament, said Wednesday that its lawmakers decided to call on Yoon to quit immediately or they would take steps to impeach him.
“President Yoon Suk Yeol’s martial law declaration was a clear violation of the constitution. It didn’t abide by any requirements to declare it,” the Democratic Party said in a statement. “His martial law declaration was originally invalid and a grave violation of the constitution. It was a grave act of rebellion and provides perfect grounds for his impeachment.”
Impeaching him would require support from two-thirds of the parliament, or 200 of its 300 members. The Democratic Party and other small opposition parties together have 192 seats. But when the parliament rejected Yoon’s martial law declaration in a 190-0 vote, 18 lawmakers from Yoon’s ruling People Power Party cast ballots supporting the rejection, according to National Assembly officials. The leader of the People Power Party, Han Dong-hun, who has long ties with Yoon dating to their days as prosecutors, criticized Yoon’s martial law declaration as “unconstitutional.” If Yoon is impeached, he’ll be stripped of his constitutional powers until the Constitutional Court can rule on his fate. Prime Minister Han Duck-soo, the No. 2 position in the South Korean government, would take over his presidential responsibilities. As calls mounted for Yoon’s Cabinet to resign, Han issued a public message pleading for patience and calling for Cabinet members to “fulfill your duties even after this moment.”
Yoon’s martial law declaration, the first of its kind in more than 40 years, harkened to South Korea’s past military-backed governments when authorities occasionally proclaimed martial law and other decrees that allowed them to station combat soldiers, tanks and armored vehicles on streets or at public places like schools to prevent anti-government demonstrations. Such scenes of military intervention had not been seen since South Korea achieved a genuine democracy in the late 1980s until Tuesday night.
After Yoon’s declaration, troops carrying full battle gear, including assault rifles, tried to keep protesters away from the National Assembly as military helicopters flew overhead and landed nearby. One soldier pointed his assault rifle at a woman who was among protesters outside the building demanding that the martial law be lifted.
It wasn’t clear how the 190 lawmakers were able to enter a parliamentary hall to vote down Yoon’s martial law decree. Opposition leader Lee Jae-myung livestreamed himself climbing over the wall, and while troops and police officers blocked some from entering they didn’t aggressively restrain or use force against others.
No major violence has been reported. The troops and police personnel were later seen leaving the grounds of the National Assembly after the parliamentary vote to lift the martial law. National Assembly Speaker Woo Won Shik said: “Even with our unfortunate memories of military coups, our citizens have surely observed the events of today and saw the maturity of our military.”
Han, the People Power Party leader, demanded that Yoon explain his decision and fire Defense Minister Kim Yong Hyun, who he said recommended the martial law decree to Yoon. The Defense Ministry has not commented.
Under South Korea’s constitution, the president can declare martial law during “wartime, war-like situations or other comparable national emergency states” that require the use of military force to restrict the freedom of press, assembly and other rights to maintain order. Many observers question whether South Korea is currently in such a state.
The constitution also states that the president must oblige when the National Assembly demands the lifting of martial law with a majority vote.
Some experts say Yoon clearly violated the constitution in how he imposed martial law. While martial law allows “special measures” to restrict individual freedoms and the authority of agencies and courts, the constitution does not permit the functions of parliament to be restricted. But in following Yoon’s declaration on Tuesday, South Korea’s military proclaimed parliamentary activities were suspended and deployed troops to try to block lawmakers from entering the National Assembly.
Park Chan-dae, the Democratic Party’s floor leader, called for Yoon to be immediately investigated on charges of rebellion over the way he deployed troops to the parliament. While the president mostly enjoys immunity from prosecution while in office, the protection does not extend to alleged rebellion or treason.
In Washington, the White House said the US was “seriously concerned” by the events in Seoul. A spokesperson for the National Security Council said President Joe Biden’s administration was not notified in advance of the martial law announcement and was in contact with the South Korean government.
Pentagon spokesman Maj. Gen. Pat Ryder said there was no effect on the more than 27,000 US service members based in South Korea.
In Seoul, the streets seemed busy like a normal day Wednesday.
Tourist Stephen Rowan, from Brisbane, Australia, who was touring Gyeongbokgung Palace, said he was not concerned at all.
“But then again, I don’t understand too much about the political status in Korea,” he said. “But I hear they are now calling for the current president’s resignation, so ... apparently there’s going to be a lot of demonstrations. ... I would have been concerned if martial law had stayed enforced.”
Yoon’s government and ruling party have been embroiled in an impasse with the Democratic Party over next year’s budget bill and a Democratic Party-led attempt to to impeach three top prosecutors.
During his televised announcement, Yoon also described the opposition as “shameless pro-North Korean anti-state forces who are plundering the freedom and happiness of our citizens.” He did not elaborate. North Korea had no immediate comments.
Natalia Slavney, research analyst at the Stimson Center’s 38 North website that focuses on Korean affairs, said Yoon’s imposition of martial law was “a serious backslide of democracy” that followed a “worrying trend of abuse” since he took office in 2022.
South Korea “has a robust history of political pluralism and is no stranger to mass protests and swift impeachments,” Slavney said, citing the example of former President Park Geun-hye, who was ousted from office and imprisoned for bribery and other crimes in 2017. She was later pardoned.


South Korean President Yoon is urged to resign or face impeachment over martial law

South Korean President Yoon is urged to resign or face impeachment over martial law
Updated 04 December 2024
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South Korean President Yoon is urged to resign or face impeachment over martial law

South Korean President Yoon is urged to resign or face impeachment over martial law
  • On Tuesday night, Yoon abruptly imposed emergency martial law
  • The National Assembly voted to overrule the president within six hours 

SEOUL: South Korea’s main opposition party on Wednesday urged President Yoon Suk Yeol to resign immediately or face impeachment, hours after Yoon ended short-lived martial law that prompted troops to encircle parliament before lawmakers voted to lift it.
Yoon didn’t make any immediate public response to the opposition’s demand. But his office said senior presidential advisers and secretaries for Yoon offered to resign collectively and the president also put off his official Wednesday morning schedule.
In the capital, tourists and residents walked around, traffic and construction were heard, and other than crowds of police holding shields, it seemed like a normal sunny, cold December morning.
On Tuesday night, Yoon abruptly imposed the emergency martial law, vowing to eliminate “anti-state” forces after he struggled to push forward his agenda in the opposition-dominated parliament. But his martial law was effective for only about six hours, as the National Assembly voted to overrule the president. The declaration was formally lifted around 4:30 a.m. during a Cabinet meeting.
The liberal opposition Democratic Party, which holds a majority in the 300-seat parliament, said Wednesday that its lawmakers decided to call on Yoon to quit immediately or they would take steps to impeach him.
“President Yoon Suk Yeol’s martial law declaration was a clear violation of the constitution. It didn’t abide by any requirements to declare it,” the Democratic Party said in a statement. “His martial law declaration was originally invalid and a grave violation of the constitution. It was a grave act of rebellion and provides perfect grounds for his impeachment.”
Impeaching him would require support from two-thirds of the parliament, or 200 of its 300 members. The Democratic Party and other small opposition parties together have 192 seats. But when the parliament rejected Yoon’s martial law declaration in a 190-0 vote, 18 lawmakers from Yoon’s ruling People Power Party cast ballots supporting the rejection, according to National Assembly officials.
If Yoon is impeached, he’ll be stripped of his constitutional powers until the Constitutional Court can rule on his fate. Prime Minister Han Duck-soo, the No. 2 position in the South Korean government, would take over his presidential responsibilities.
Yoon’s martial law declaration, the first of its kind in more than 40 years, harkened to South Korea’s past military-backed governments when authorities occasionally proclaimed martial law and other decrees that allowed them to station combat soldiers, tanks and armored vehicles on streets or at public places like schools to prevent anti-government demonstrations. Such scenes of military intervention had not been seen since South Korea achieved a genuine democracy in the late 1980s until Tuesday night.
After Yoon’s declaration, troops carrying full battle gear, including assault rifles, tried to keep protesters away from the National Assembly as military Blackhawk helicopters flew overhead and landed nearby. One soldier pointed his assault rifle at a woman who was among protesters outside the building demanding that the martial law be lifted.
It wasn’t clear how the 190 lawmakers were able to enter a parliamentary hall to vote down Yoon’s martial law decree. Some reportedly climbed over walls, and while troops and police officers blocked some from entering they didn’t aggressively restrain or use force against others.
No major violence has been reported. The troops and police personnel were later seen leaving the ground of the National Assembly after the parliamentary vote to lift the martial law. National Assembly Speaker Woo Won Shik said: “Even with our unfortunate memories of military coups, our citizens have surely observed the events of today and saw the maturity of our military.”
Ruling People Power Party Han Dong-hun demanded that Yoon explain his decision and fire Defense Minister Kim Yong Hyun, who he said recommended the martial law decree to Yoon. The Defense Ministry has not commented.
Under South Korea’s constitution, the president can declare martial law during “wartime, war-like situations or other comparable national emergency states” that require the use of military force to restrict the freedom of press, assembly and other rights to maintain order. Many observers question whether South Korea is currently in such a state.
The constitution also states that the president must oblige when the National Assembly demands the lifting of martial law with a majority vote.
In Washington, the White House said the US was “seriously concerned” by the events in Seoul. A spokesperson for the National Security Council said President Joe Biden’s administration was not notified in advance of the martial law announcement and was in contact with the South Korean government.
Pentagon spokesman Maj. Gen. Pat Ryder said there was no effect on the more than 27,000 US service members based in South Korea.
In Seoul, the streets seemed busy like a normal day. Tourist Stephen Rowan, from Brisbane, Australia, who was touring Gyeongbokgung Palace, said he was not concerned at all.
“But then again, I don’t understand too much about the political status in Korea,” he said. “But I hear they are now calling for the current president’s resignation, so ... apparently there’s going to be a lot of demonstrations. ... I would have been concerned if martial law had stayed enforced.”
Yoon’s government and ruling party have been embroiled in an impasse with the Democratic Party over next year’s budget bill and a Democratic Party-led attempt to to impeach three top prosecutors.
During his televised announcement, Yoon also described the opposition as “shameless pro-North Korean anti-state forces who are plundering the freedom and happiness of our citizens.” He did not elaborate. North Korea has no immediate comments.
Natalia Slavney, research analyst at the Stimson Center’s 38 North website that focuses on Korean affairs, said Yoon’s imposition of martial law was “a serious backslide of democracy” that followed a “worrying trend of abuse” since he took office in 2022.
South Korea “has a robust history of political pluralism and is no stranger to mass protests and swift impeachments,” Slavney said, citing the example of former President Park Geun-hye, who was ousted from office and imprisoned for bribery and other crimes in 2017. She was later pardoned.


US Republicans eye two-step Trump legislative agenda

US Republicans eye two-step Trump legislative agenda
Updated 04 December 2024
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US Republicans eye two-step Trump legislative agenda

US Republicans eye two-step Trump legislative agenda

WASHINGTON: Republicans in the US Congress are discussing a two-step plan to push ahead on President-elect Donald Trump’s agenda when they take control of both chambers next year, potentially starting with border security, energy and defense before turning to tax cuts.
Incoming Senate Majority Leader John Thune, whose Republicans will hold a 53-47 majority, laid out a plan in a closed-door party meeting on Tuesday that included a call from Trump himself. It aims to use a parliamentary maneuver to bypass the chamber’s “filibuster” rule that requires 60 senators to agree to advance most legislation.
According to the Senate plan, the first bill would focus on Trump’s agenda for border security, energy deregulation and defense spending, while the second would extend tax cuts from the 2017 Tax Cuts and Jobs Act passed during the first Trump presidency, which are due to expire next year.
Thune told reporters that the plan amounted to “options, all of which our members are considering.”
To enact Trump’s agenda, the Senate will have to work closely with the president-elect and the House of Representatives, which is expected to have a razor-thin Republican majority.
“We were always planning to do reconciliation in two packages. So we’re discussing right now how to allocate the various provisions, and we’re making those decisions over the next couple of days,” said House Speaker Mike Johnson, who joined Senate Republicans at their meeting.
“There are different ideas on what to put in the first package and what in the second, and we’re trying to build consensus around those ideas,” Johnson told reporters.
The speaker also said that he believes Congress in coming weeks will pursue a continuing resolution, or CR, that would fund federal agencies into March. Current funding is set to expire on Dec. 20.
Before moving a first reconciliation bill, the House and Senate will need to agree on a budget resolution to unlock the “reconciliation” tool they plan to use to bypass the filibuster. Aides said senators hope to do that by the end of January and then move quickly to complete the first bill by March 31.
“We have the trifecta for two years. About 18 months is all we’re really going to have to really get things done,” Republican Senator Mike Rounds told reporters.
Democrats also leaned heavily on reconciliation to pass legislation when they held control of both chambers during the first two years of President Joe Biden’s term.
Republican Senator Rand Paul, a fiscal hawk, raised concerns about the plan’s cost.
“This is not a fiscally conservative notion,” Paul said. “So at this point, I’m not for it, unless there are significant spending cuts attached.”
Extending Trump’s tax cuts for individuals and small businesses will add $4 trillion to the current $36 trillion in total US debt over 10 years.
Trump also promised voters generous new tax breaks, including ending taxes on Social Security, overtime and tip income and restoring deductions for car loan interest.
The tab is likely to reach $7.75 trillion above the CBO baseline over 10 years, according to the Committee for a Responsible Federal Budget, a non-partisan fiscal watchdog group.