Home Politics Trump Announces Two-Year Budget Deal That Will Handle Debt Ceiling “With No...

Trump Announces Two-Year Budget Deal That Will Handle Debt Ceiling “With No Poison Pills”

1032

President Trump on Monday announced that a budget deal has been reached with the House and Senate that will contain ‘no poison pills.’

Breaking News

Be the first to know when big news breaks


“I am pleased to announce that a deal has been struck with Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, Speaker of the House Nancy Pelosi, and House Minority Leader Kevin McCarthy,” Trump tweeted Monday afternoon, adding “This was a real compromise in order to give another big victory to our Great Military and Vets!”

NPR reported earlier Monday that House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin had been closing in on a budget deal to raise the debt ceiling beyond the 2020 election, while setting a defense and domestic spending budget of $1.3 trillion over the next two years.

Congressional sources briefed on the deal said the agreement would suspend the debt limit until July 31, 2021, and include parity in spending increases for defense and domestic programs. It would include about $75 billion in offsets for those spending increases.

President Trump alluded to the pending deal on Monday during his meeting with the Pakistani prime minister on Monday, saying “We’re doing very well on debt limit… and I think we’re doing very well on the budget.”

via zerohedge

8 COMMENTS

  1. Compromising a budget that continues deficit spending WITHOUT any resolve to END deficit spending and returning to fiscal sanity is by definition INSANE. Our government is out of control. We need to take it back.

  2. Yes I believe in term limits for Congress.. I also believe in a balanced budget and there shouldn’t be more spent than what is received. I believe Congress should start eliminating some of the social issues like welfare, SNAP, WIC and other areas that have a tendency to be abused. Only the real needed people should be served.

  3. In other words, “We Democrats have every intention of continuing to paint the president as a crook without the legal support to do so for political gain and at the cost of the American taxpayer. No, we don’t have any intention of doing anything else during our time as public servants. You’re welcome, America.”

  4. “No poison pills…” Except for funding for Planned Paenthood. Just like, “Read my lips. No new taxes.” We have been betrayed again.

Leave a Reply to Sharon Jenkins Cancel reply

Please enter your comment!
Please enter your name here

*