Skip to main content

House GOP advances $95 billion plan to fund Iran war and SAVE America Act

▶ Watch Video: Mike Johnson urges lawmakers to pass the SAVE America Act before monthlong recess

Washington — The House adopted a GOP-backed budget blueprint on Wednesday that would provide up to $95 billion in funding for the Iran war, aid to farmers and parts of President Trump’s voting regulations bill known as the SAVE America Act. 

The House adopted the budget resolution in a 216 to 214 vote, with all Democrats, two Republicans and one independent who caucuses with Republicans voting in opposition. 

It’s the latest effort by Republicans to enact Mr. Trump’s top priorities as the bipartisan appropriations process has broken down. Democrats remain vehemently opposed to continuing the war in Iran as well as strict new voting requirements championed by the president. 

House Speaker Mike Johnson, a Louisiana Republican, called it the GOP’s “best shot” to enact as much of the SAVE America Act into law “as possible.” 

Wednesday’s vote is just the first step in the party-line reconciliation process. The Senate also needs to approve of the resolution, which instructs the committees of jurisdiction to begin crafting the $95 billion reconciliation package. The package will then need to clear both chambers. Republicans chose the reconciliation route — which they’ve also used to pass tax cuts and immigration enforcement — because it allows them to overcome Democratic resistance in the Senate and approve the funding via a simple majority.  

The resolution directs the House Armed Services Committee and the House Intelligence Committee to write legislation that increases spending by up to $60 billion and $13 billion, respectively. The House Agriculture Committee received a $12 billion limit and the House Administration Committee was given a $10 billion cap. 

The plan faces major hurdles in the upper chamber, where the SAVE America Act has been stuck for months and lacks even a simple majority of support. It’s also unclear whether the voting regulation provisions — such as requiring proof of citizenship to register to vote and a photo ID to cast a ballot — will survive the Senate’s rules governing the reconciliation process, which prohibit the inclusion of non-budgetary policies. Funding for the Iran war could also run into pushback. A handful of GOP senators have voted in recent months to rein in Mr. Trump on Iran as the war continues without congressional authorization. 

The plan also does not include provisions to offset spending increases, which frustrated some conservatives in the House. 

“I think the problem is there’s no plan to pay for it,” GOP Rep. Warren Davidson of Ohio said last week ahead of House Republicans’ meeting with Vice President JD Vance, who came to the Capitol to rally members behind the plan. “A no-offset plan is dead on arrival.” 

On Monday, Mr. Trump called on House Republicans to unify behind the budget resolution and “fight” for the SAVE America Act. Office of Management and Budget Director Russ Vought met with House Republicans on Tuesday morning as the administration worked to get the resolution across the finish line. 

Young Americans have higher credit scores today than before Covid

New York (CNN) — Kelly Klein graduated from college with $100,000 in student loans that she feared would haunt her forever.“I expected I’d never pay off my student debt,” said Klein, who is 31 years old.But flash forward 10 years and Klein is now debt-free, her retirement account is flush and her credit score is pristine.“Every commission check I earned for the first six years went to paying off my debt. Every single penny,” said Klein, who is based in Nashville, Tennessee, and works as a loan officer at a community development financial institution.While millions of Americans are hurting from high prices and low hiring, new research suggests the finances of younger generations are displaying surprising resilience.Americans between the ages of 18 and 29 have higher credit scores today than they did just before Covid-19, according to FICO research shared first with CNN.Not only that, but that youngest generation’s 17-point increase in average credit scores since 2019 is the biggest among any age group FICO measured. The second biggest increase in credit scores over that timeframe was for the 30-to-44 cohort, otherwise known as Millennials.Most of the gains occurred during the initial stages of the health emergency when student loan payments were paused.Experts say younger Americans have benefited from access to better education about the importance of protecting credit scores to hold down payments later in life.“Gen Z is pretty savvy about credit. And they are more aware of credit scores, in part because there have been so many economic headwinds during their lives,” said Matt Schulz, chief credit analyst at LendingTree.‘A lot more knowledge’Overall FICO scores fell slightly between April 2025 and April 2026. However, credit scores for Gen Z are up by one point over that timeframe and roughly half have a very strong FICO score of 700 or above.Klein, who is a Millennial, said she learned valuable lessons about finance and investing from experts on social media. Klein also said she joined a free webinar on opening a brokerage account and familiarized herself with tax strategies and how to maximize credit card rewards.“We have a lot more knowledge than previous generations did. A lot of it was gate-kept, especially from women, and tailored toward men. Luckily, I feel like financial education is more available,” she said.Another factor: Younger borrowers are at or near the beginning of their credit journeys, giving them the most room to grow their credit scores. FICO said it doesn’t take into consideration age when scoring borrowers, but it does evaluate how long someone has been able to successfully make payments on time.As consumers take on different kinds of debt — moving from just credit cards and student debt to car loans and mortgages — they open themselves up to being better borrowers. That’s a key factor in determining credit scores.Schulz compared younger Americans increasing their credit scores with a new driver borrowing Mom or Dad’s car.“The first few times they might put some real restrictions on you. But if you show you can handle it over time, they might not think at all about letting you borrow the car. Credit is very similar,” Schulz said. “Having time and experience handling credit responsibly leads to credit scores being higher.”K-shaped economy is evidentMore emphasis on being responsible borrowers may help explain why, at a high level, average credit scores for younger Americans have held up better than might be expected in today’s economic environment, where high-income earners have seen their wealth grow faster than low-income earners.As of April, nearly half (49.6%) of borrowers aged 18-29 had a strong credit score of 700 or above, according to FICO. That’s up from 41.4% in April 2020.However, there are disparities beneath the surface that underscore the K-shaped economy.For instance, FICO said the score distribution for 18-29 year olds has shifted toward both higher and lower scores “rather than clustering in the middle.”In other words, high credit scores today for young people are higher than in 2019 — but so are low ones.“There’s a lot of fragmentation among Gen Z. Many of them are thriving. Some are struggling and relying on support from parents. We’re definitely seeing a K-shaped economy,” said Tommy Lee, senior director at FICO.3.2 million borrowers are behind on student debtOne pressure facing younger Americans is the spike in housing costs driven by elevated mortgage rates and record-high home prices.The average monthly mortgage payment for a first-time homebuyer is 57% higher than in 2019, according to FICO.Another arguably bigger factor is the return of student debt payments and credit bureau reporting after a Covid-era pause.As of April, about 3.2 million Americans of all ages with a student loan payment due (or 14%) had a recent delinquency (30 days or more past due) reported in the prior six months, according to FICO.Those borrowers who fell behind on their student loans and were deemed delinquent saw their FICO score decline by an average of 38 points.By contrast, another 4.9 million borrowers either resolved a delinquency or moved into another repayment status, such as starting a repayment plan. Those consumers experienced an average credit score increase of 16 points, according to FICO.Schulz, the LendingTree expert, stressed that missed payments carry severe consequences that can haunt borrowers for many years — especially when they need to get a mortgage.“It really only takes one payment 30 days or more late to really do damage to your credit score,” he said.The-CNN-Wire™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
Read Next Story