Senate Advances 2-Year Budget Deal

The Senate approved a two-year budget deal this afternoon, lifting the debt ceiling for two years and reducing the risk of another government shutdown. The bill already passed the House last week, so today’s 67-28 vote in the Senate will send the measure to President Trump, who is expected to sign it despite complaints from… Read more »

Trump Signals Support for Budget Deal

President Trump signaled earlier in the week that he will support a two-year bipartisan budget deal that raises spending limits by $320 billion and suspends the debt ceiling until after the 2020 elections. The deal was reached as the House prepares to leave Washington for the August recess, giving Speaker Nancy Pelosi (D-CA) only this… Read more »

White House, Pelosi Close on Budget Deal

The Trump administration and House leaders are reportedly close to agreement on a two-year budget deal that also raises the debt ceiling. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi (D-CA) separately confirmed that they’ve agreed on the top-line spending levels for defense and domestic programs. With government funding running out at the end… Read more »

Trump, Dems Still Deadlocked on Budget Deal

With no long-term budget agreement in sight, Trump administration officials this week pitched a short-term deal to keep government funding levels in place and extend the government’s borrowing authority for one year. Treasury Secretary Steven Mnuchin said the White House will not allow another government shutdown so a deal must be reached to fund the… Read more »