News

Washington talks could soon yield spending, debt deal

Washington talks could soon yield spending, debt deal
World
Washington negotiators are closing in on a deal that would stave off the chance of a government shutdown this fall and allow Congress to approve legislation to increase the government’s borrowing limit.

The emerging two-year framework would guide congressional work on more than $1.3 trillion in agency operating budgets. The chief advocates of the deal include House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell, along with top Senate Democrat Chuck Schumer. Treasury Secretary Steven Mnuchin is the chief negotiator for the Trump administration.

Pelosi said a deal needs to be finished soon if legislation is going to be approved before the August recess.

Many House conservatives are likely to oppose the agreement as spending too much on Democratic domestic initiatives and ignoring budget deficits estimated at $1 trillion.
Read more on Toronto Star
News Topics :
Similar Articles :
World
WASHINGTON House Speaker Nancy Pelosi and top Senate Republican Mitch McConnell, Washington’s odd couple, have a limited set of mutual legislative interests in a capital beset by dysfunction and...
World
WASHINGTON House Speaker Nancy Pelosi says she wants to complete a deal with President Donald Trump this month that would raise the government’s borrowing limit and set spending levels...
Top Stories
WASHINGTON—The House’s top Democrat swung out against a bipartisan budget deal taking shape in the Senate on Wednesday, splashing cold water on a two year plan packed with almost $400 billion...
World
WASHINGTON A hard won, warts and all budget pact between House Speaker Nancy Pelosi and President Donald Trump is facing a key vote in the GOP held Senate, with many conservatives torn between...
World
WASHINGTON President Donald Trump and his Senate GOP allies are relying on lots of Democratic votes to propel a hard won budget and debt deal to the finish line. Passage...