House Speaker Mike Johnson secures victory as Congress approves $9 billion in spending cuts targeting international aid and public broadcasting in first rescissions package in decades.

CNBC's Emily Wilkins joins 'Closing Bell Overtime' with the latest from Capitol Hill. British Open 2025: How a controversial sponsor exemption has Rickie Fowler in the mix at Portrush

The Republican-controlled U.S. House of Representatives cleared key procedural hurdles on crypto legislation on Wednesday, a day after President Donald Trump intervened to save the initiative, paving the way for the first federal law for digital assets.

The House of Representatives is poised to consider a $9 billion spending cuts package approved by the White House.

Phillips also raised concerns around the structure of the new bill, which creates a dual licensing structure for some stablecoin issuers where they can seek either federal or state supervision. He said that it could create a “race to the bottom” for different jurisdictions seeking to attract crypto companies.

Some Republicans refuse to answer while Democrats accuse Republicans of engaging in ‘a pathetic attempt at ass-covering’

The House of Representatives voted 216-213 on Thursday night to approve $9 billion in spending cuts, including $1.1 billion from the Corporation for Public Broadcasting, which provides funding for NPR and PBS.

Casello served as a Boynton Beach City Commissioner from 2013-2018 for District 4. He was appointed as the Vice-Mayor and then elected to the Florida House of Representatives in 2018.

Businessman Brian Cooper of Booneville on Monday became the third candidate to announce his 2026 bid for the Arkansas House of Representatives District 46 seat, which is held by term-limited state Rep.