House GOP Unveils Major Budget-Reconciliation Framework to Cut Costs

The Republican Study Committee rolled out a marquee budget-reconciliation framework aimed at trimming about $1.6 trillion in government spending and lowering costs in housing, health care, and energy. It includes a new zero-to-low-down-payment mortgage option called Don payment, tax-advantaged health freedom accounts, and energy-permitting reforms, plus intentions to refill the strategic oil reserve with discounted Venezuelan oil. The plan signals broad GOP backing but faces skepticism from moderates and leadership about a clear path forward amid broader Capitol Hill debates and ongoing political tensions.