"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 - on a two-year Budget and Debt Ceiling, with no poison pills," Trump tweeted shortly after congressional leaders signed off on the final agreement in a Monday evening conference call. "This was a real compromise in order to give another big victory to our Great Military and Vets!"
The agreement, should it pass both chambers of Congress and be signed into law, would remove twin crises staring down the White House and lawmakers in the looming spending cuts and debt ceiling deadline, clearing the decks on both until after the 2020 election. While leaders in both chambers will still need to muster the votes for passage, the fact that all four signed off on the deal and a Trump endorsement followed bodes well for its future, people involved say.
Pelosi, in a joint statement with Schumer touting the boosts in spending for Democratic priorities, said the House will move quickly to pass the legislation before the chamber departs on July 26 for a six-week recess.
https://www.cnn.com/2019/07/22/politics/budget-deal/index.html
Ok, crisis is over. Now the fun will begin in a couple of weeks. We will get to watch the national debt, which has been stuck at about $22 trillion since the beginning of the year, soar to new heights. It could increase by almost a trillion dollars in just a few weeks.
No comments:
Post a Comment