Trump, Democrats reach two-year budget deal that raises debt ceiling
Tuesday, July 23, 2019 | Tag Cloud Tags: Congress, debt, Democrat, News, Trump, White House, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – US President Donald Trump said Monday that a “compromise” bipartisan budget agreement has been reached that will boost federal spending by $320 billion and suspend the debt limit beyond the next presidential election.
The deal, should it pass Congress as expected, would allow the federal government to borrow more money and avoid a disastrous default in the coming months, while significantly raising budget caps on defense and domestic outlays.
Trump tweeted that the deal was struck between the White House and the top Democratic and Republican leaders in both chambers of Congress “on a two-year Budget and Debt Ceiling, with no poison pills,” which could have otherwise derailed the legislation. [ Source: AFP (Read More…) ]
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