James Osborne

2 weeks ago | houstonchronicle.com | James Osborne

U.S. Rep. Chip Roy backed down on Thursday from his promise to vote against a Senate budget resolution, saying he had gotten assurances from President Donald Trump and other Republican leaders that the final budget would include trillions of dollars in spending cuts. The turnaround came a day after Roy, R-Austin, criticized the Senate budget bill as failing to reduce spending to match proposed tax cuts, likely resulting in a $3 trillion increase in the federal deficit.

2 weeks ago | houstonchronicle.com | James Osborne

U.S. Rep. Chip Roy said on Wednesday he will vote against the Senate's budget plan, threatening to derail President Donald Trump's efforts to extend the tax cuts he passed in his first term. The Austin Republican, a longtime budget hawk, criticized the plan as reducing tax revenue while failing to compensate with enough spending cuts, resulting in a projected $3 trillion increase in the federal deficit. "The math does not add up," Roy wrote on X.

2 weeks ago | houstonchronicle.com | James Osborne

WASHINGTON - U.S. Sen. John Cornyn on Tuesday defended President Donald Trump's m ounting global tariffs, saying "unfair trading practices have resulted in the deindustrialization of America."In a Senate hearing with U.S. Trade Representative Jamieson Greer, the Texas Republican pushed back on Democrats' and some Republicans' concerns over the sharp decline in global financial markets the tariffs have set off.

3 weeks ago | houstonchronicle.com | James Osborne

Less than a day after President Donald Trump announced sweeping tariffs against U.S. trading partners, Texas Republicans were divided on whether to endorse a trade war that business leaders say is likely to hurt the state's economy. Many jumped up to support the president, even as financial markets dropped and trade partners ramped up threats of counter tariffs. U.S. Rep.

3 weeks ago | houstonchronicle.com | James Osborne

Farmers and business leaders in Texas are warning that President Donald Trump's sweeping new tariffs on products made outside the United States pose apotential hit to the state's economy. While the Trump administration opted to exclude oil and gas, a major source of trade for Texas, other Texas industries are growing concerned about the escalating trade war, said Glenn Hamer, president of the Texas Business Association.