Graham is releasing text for the Senate's amendment. (LOGAN CYRUS/AFP via Getty Image)
Republicans who argued to include the debt ceiling in reconciliation said it would prevent Democrats from having leverage down the road, when a vote to raise it would need 60 votes, forcing them to lobby Democrats for support.
The amendment also stipulates that the provision to raise the debt ceiling can be voted on separate from the rest of the resolution, in the case that the "X Date," when the Treasury is unable to meet its financial obligations without intervention, is set to arrive sooner than Republicans are prepared to vote on the entire reconciliation package.
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Graham chairs the budget committee. (CQ-Roll Call, Inc via Getty Images)
Senate Republicans also avoid needing the parliamentarian to make a ruling, which could have presented issues. They are relying on the authority given by statute to the budget chairman to set the current policy baseline.
The amendment's release comes after countless meetings between key parties to the budget process, including Trump, House leaders, Senate leaders and Treasury Secretary Scott Bessent.
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Bessent attended meetings about reconciliation on the Hill. (Vincent Alban/Bloomberg via Getty Images)
On Wednesday morning, Trump met with Senate Majority Leader John Thune, R-S.D., and Senate Budget Committee Republicans ahead of the amendment text coming out.
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The White House discussion was meant to be a final check-in to make sure all parties were on the same page, a source familiar told Fox News Digital.
Julia Johnson is a politics writer for Fox News Digital and Fox Business, leading coverage of the U.S. Senate. She was previously a politics reporter at the Washington Examiner.
Follow Julia's reporting on X at @JuliaaJohnson_ and send tips to Julia.Johnson@fox.com.
https://www.foxnews.com/politics/lindsey-graham-amendment-signals-gop-budget-breakthrough-sets-stage-trump-agenda