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"We believe there will be no recession in 2025."

The likelihood of a recession is "getting close to 50-50."

"Barring an unforeseeable event, the economy should grow even better in 2025 than it did in 2023 and 2024."

"The threat of a recession is real."

"Contrary to popular perception, the US is at greater risk of a recession than it was in early 2022."

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Senate Parliamentarian Elizabeth MacDonough on Monday ruled that provisions in <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.verity.news/story/2025/trump-pressures-gop-to-unite-behind-massive-spending-bill">the Republican "One Big Beautiful Bill" megabill</a>, which would automatically approve offshore oil and gas projects without environmental review, violate the Byrd Rule — a rule that prohibits unrelated provisions in budget legislation — and require 60 votes to pass.

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Senate Parliamentarian Elizabeth MacDonough on Monday ruled that provisions in the Republican "One Big Beautiful Bill" megabill, which would automatically approve offshore oil and gas projects without environmental review, violate the Byrd Rule — a rule that prohibits unrelated provisions in budget legislation — and require 60 votes to pass.

MacDonough also rejected U.S. Sen. Mike Lee's (R-Utah) proposal to mandate the sale of up to 3 million acres of federal public lands from the Bureau of Land Management and U.S. Forest Service, ruling it lacked sufficient budgetary impact.

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MacDonough also rejected U.S. Sen. Mike Lee's (R-Utah) proposal to mandate the sale of up to 3 million acres of federal public lands from the Bureau of Land Management and U.S. Forest Service, ruling it lacked sufficient budgetary impact.

The parliamentarian further struck down provisions requiring offshore oil and gas leases to be issued within 90 days after lease sales, as well as those mandating construction of the 211-mile Ambler Road mining access route in Alaska.

The parliamentarian further struck down provisions requiring offshore oil and gas leases to be issued within 90 days after lease sales, as well as those mandating construction of the 211-mile Ambler Road mining access route in Alaska.

MacDonough also ruled against language that would have removed the Interior Secretary's discretion to reduce fees for wind and solar projects on federal land, in addition to provisions requiring yearly geothermal lease sales with adjusted royalty calculations.

MacDonough also ruled against language that would have removed the Interior Secretary's discretion to reduce fees for wind and solar projects on federal land, in addition to provisions requiring yearly geothermal lease sales with adjusted royalty calculations.

Among other rejections was a provision that would have allowed natural gas exporters to pay fees for expedited "national interest" determinations and bypass environmental review processes for offshore energy projects.

Among other rejections was a provision that would have allowed natural gas exporters to pay fees for expedited "national interest" determinations and bypass environmental review processes for offshore energy projects.

Earlier this month, MacDonough rejected other provisions, including Republicans' efforts to limit lawsuits seeking to block a president's executive actions and their attempt to end funding for the Consumer Financial Protection Bureau. Among her approvals was a provision blocking states from regulating AI companies for 10 years.

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Earlier this month, MacDonough rejected other provisions, including Republicans' efforts to limit lawsuits seeking to block a president's executive actions and their attempt to end funding for the Consumer Financial Protection Bureau. Among her approvals was a provision blocking states from regulating AI companies for 10 years.

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Senate Parliamentarian Elizabeth MacDonough ruled on Monday that provisions in <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.verity.news/story/2025/trump-pressures-gop-to-unite-behind-massive-spending-bill">the Republican "One Big Beautiful Bill" megabill</a> to automatically approve offshore oil and gas projects without environmental review violate the Byrd Rule — a rule that prohibits unrelated provisions in budget legislation — and require 60 votes to pass.

Senate Parliamentarian Elizabeth MacDonough ruled on Monday that provisions in the Republican "One Big Beautiful Bill" megabill to automatically approve offshore oil and gas projects without environmental review violate the Byrd Rule — a rule that prohibits unrelated provisions in budget legislation — and require 60 votes to pass.

MacDonough also rejected Senator Mike Lee's proposal to mandate the sale of up to 3 million acres of federal public lands from the Bureau of Land Management and U.S. Forest Service, ruling it lacked sufficient budgetary impact.

Financial Post #

MacDonough also rejected Senator Mike Lee's proposal to mandate the sale of up to 3 million acres of federal public lands from the Bureau of Land Management and U.S. Forest Service, ruling it lacked sufficient budgetary impact.

MacDonough ruled against language that would have removed the Interior Secretary's discretion to reduce fees for wind and solar projects on federal land, in addition to provisions requiring yearly geothermal lease sales with adjusted royalty calculations.

MacDonough ruled against language that would have removed the Interior Secretary's discretion to reduce fees for wind and solar projects on federal land, in addition to provisions requiring yearly geothermal lease sales with adjusted royalty calculations.

The parliamentarian also rejected provisions that would have allowed natural gas exporters to pay fees for expedited "national interest" determinations and bypass environmental review processes for offshore energy projects.

The parliamentarian also rejected provisions that would have allowed natural gas exporters to pay fees for expedited "national interest" determinations and bypass environmental review processes for offshore energy projects.

In response to the ruling, Lee announced revisions to his land sales proposal, promising to remove all Forest Service land and limit Bureau of Land Management sales to areas within 5 miles of population centers.

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In response to the ruling, Lee announced revisions to his land sales proposal, promising to remove all Forest Service land and limit Bureau of Land Management sales to areas within 5 miles of population centers.

The Byrd Rule is being weaponized to obstruct President Trump's agenda and block common-sense reforms that would boost American energy production and address the housing crisis. These provisions — which specifically exempt National Parks, Monuments, Wilderness Areas, and other protected lands — would have created jobs, increased domestic energy output, and provided affordable land for housing development that working families desperately need.

The Byrd Rule is being weaponized to obstruct President Trump's agenda and block common-sense reforms that would boost American energy production and address the housing crisis. These provisions — which specifically exempt National Parks, Monuments, Wilderness Areas, and other protected lands — would have created jobs, increased domestic energy output, and provided affordable land for housing development that working families desperately need.

The Senate Parliamentarian's ruling is a win for protecting public lands from reckless privatization. The parliamentarian correctly identified that Republicans were trying to sneak anti-environmental policies into a budget bill where they don't belong. Their "Big Beautiful Bill" aimed to sell off 3.3 million acres of vital federal land — including wildlife habitats and local recreation areas — all to line corporate pockets. Public lands belong to the people, not developers. The fight isn’t over, but this is a crucial step forward.

The Senate Parliamentarian's ruling is a win for protecting public lands from reckless privatization. The parliamentarian correctly identified that Republicans were trying to sneak anti-environmental policies into a budget bill where they don't belong. Their "Big Beautiful Bill" aimed to sell off 3.3 million acres of vital federal land — including wildlife habitats and local recreation areas — all to line corporate pockets. Public lands belong to the people, not developers. The fight isn’t over, but this is a crucial step forward.

Legal Planet

The Big Beautiful Bill is One Damn Dirty Deal

Mike Lee’s latest attempt to sell off public lands is raising serious doubts. While he claims to revise his plan, such promises sound hollow considering his track record of pushing anti-public lands measures. His vague talk of “Freedom Zones” and undefined “population centers” doesn’t inspire confidence. After years of undermining public land protections, can we really trust Lee to do the right thing now? The fight is far from over, and vigilance is key.

Mike Lee’s latest attempt to sell off public lands is raising serious doubts. While he claims to revise his plan, such promises sound hollow considering his track record of pushing anti-public lands measures. His vague talk of “Freedom Zones” and undefined “population centers” doesn’t inspire confidence. After years of undermining public land protections, can we really trust Lee to do the right thing now? The fight is far from over, and vigilance is key.

There's a 50% chance that peak oil extraction will be reached by August 2031, according to the Metaculus prediction community.

There's a 50% chance that peak oil extraction will be reached by August 2031, according to the Metaculus prediction community.

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Senate Parliamentarian Blocks GOP Oil and Gas Provisions in Tax Bill

Kayla Bartkowski/Getty Images

Senate Parliamentarian Blocks GOP Oil and Gas Provisions in Tax Bill

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The Byrd Rule is being weaponized to obstruct the president's agenda and block common-sense reforms that would boost American energy production and address the housing crisis. The rejected provisions would have created jobs, increased domestic energy output, and provided affordable land for housing development that working families desperately need.

The Byrd Rule is being weaponized to obstruct the president's agenda and block common-sense reforms that would boost American energy production and address the housing crisis. The rejected provisions would have created jobs, increased domestic energy output, and provided affordable land for housing development that working families desperately need.

This is a win for protecting public lands from reckless privatization. The parliamentarian correctly identified that Republicans were trying to sneak anti-environmental policies into a budget bill where they don't belong. This bill aims to sell off 3.3 million acres of vital federal land in order to line corporate pockets. Public lands belong to the people, not developers.

This is a win for protecting public lands from reckless privatization. The parliamentarian correctly identified that Republicans were trying to sneak anti-environmental policies into a budget bill where they don't belong. This bill aims to sell off 3.3 million acres of vital federal land in order to line corporate pockets. Public lands belong to the people, not developers.

There's a 50% chance that peak oil extraction will be reached by August 1, 2031, according to the Metaculus prediction community.

There's a 50% chance that peak oil extraction will be reached by August 1, 2031, according to the Metaculus prediction community.

Kayla Bartkowski/Getty Images News via Getty Images

Senate Parliamentarian Blocks GOP Oil, Gas Provisions in Tax Bill

Kayla Bartkowski/Getty Images News via Getty Images

Senate Parliamentarian Blocks GOP Oil, Gas Provisions in Tax Bill

Senate Parliamentarian Blocks GOP Oil, Gas Provisions in Tax Bill

Senate Parliamentarian Blocks GOP Oil, and Gas Provisions in Tax Bill

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Senate Parliamentarian Blocks GOP Oil, Gas Provisions in Tax Bill

Senate Parliamentarian Blocks GOP Oil, and Gas Provisions in Tax Bill

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