The one thing both parties can agree on..let's spend!!!
Trump announces sweeping budget agreement
"President Donald Trump announced the White House and congressional leaders clinched a sweeping fiscal deal to lift the nation’s debt limit and dramatically raise federal spending levels.
The agreement, negotiated by Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin, is expected to clear both chambers before the August recess — alleviating pressure ahead of a slew of high-stakes fiscal deadlines this fall.
"This was a real compromise in order to give another big victory to our Great Military and Vets!" Trump tweeted."
"Under the deal, the Pentagon’s budget would increase to $738 billion next fiscal year — a $22 billion increase that is just short of Trump’s demands but above House Democrats' proposal, according to multiple sources.
It would also increase nondefense spending to $632 billion — a $27 billion increase that marks a victory for Democrats, though the money will also have to cover extra Census costs as well as a shortfall in Veterans Affairs funding.
Congressional leaders want to pass the two-year deal before departing for a five-week recess at the end of the week, which means a vote as soon as this week in the House — if Trump gives his final blessing. The Senate is in session for another week.
The agreement would eliminate the threat of dual fiscal crises that have long been hanging over Washington — an unprecedented default on U.S. debt and massive across-the-board spending cuts that could paralyze key agencies."
Trump announces sweeping budget agreement
"President Donald Trump announced the White House and congressional leaders clinched a sweeping fiscal deal to lift the nation’s debt limit and dramatically raise federal spending levels.
The agreement, negotiated by Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin, is expected to clear both chambers before the August recess — alleviating pressure ahead of a slew of high-stakes fiscal deadlines this fall.
"This was a real compromise in order to give another big victory to our Great Military and Vets!" Trump tweeted."
"Under the deal, the Pentagon’s budget would increase to $738 billion next fiscal year — a $22 billion increase that is just short of Trump’s demands but above House Democrats' proposal, according to multiple sources.
It would also increase nondefense spending to $632 billion — a $27 billion increase that marks a victory for Democrats, though the money will also have to cover extra Census costs as well as a shortfall in Veterans Affairs funding.
Congressional leaders want to pass the two-year deal before departing for a five-week recess at the end of the week, which means a vote as soon as this week in the House — if Trump gives his final blessing. The Senate is in session for another week.
The agreement would eliminate the threat of dual fiscal crises that have long been hanging over Washington — an unprecedented default on U.S. debt and massive across-the-board spending cuts that could paralyze key agencies."
