Trump Cuts Debt Ceiling Deal with Democrats

President Trump yesterday struck a deal with Democratic leaders to raise the debt ceiling and fund the government for three months, meaning Congress will need to strike a major bipartisan spending/debt limit deal in December. Congressional Republicans, eager to avoid multiple contentious votes on an issue that divides their rank-and-file members, had initially proposed raising… Read more »

GOP Seeks Consensus on Debt Ceiling

Congress is out of session until early September but Republican leaders are looking at a potential firestorm over the debt ceiling when they return. Senate Majority Leader Mitch McConnell (R-KY) and Speaker Paul Ryan (R-WI) are leaning toward passing a “clean” debt ceiling increase before the government exceeds its borrowing authority on Sept. 29, but… Read more »