Trump Announces Congress, White House Reach Agreement on New Budget Deal, Two-Year Debt Ceiling

The new budget deal will increase U.S. discretionary spending in 2020 fiscal year to $1.37 trillion, an increase from $1.32 trillion in 2019, according to reports. The deal brings the nation closer to avoiding steep spending cuts and defaulting on its debt, as well as averting another government shutdown when current funding plans end after September 30 of this year. Senate Majority Leader Mitch McConnell (left), Senate Minority Leader Chuck Schumer, (right), photo credit: C-SPAN.

WASHINGTON – President Donald Trump announced via Twitter Monday that the White House and Congress had agreed on a deal for a new budget deal and two-year debt ceiling, with lawmakers eager to set a new spending plan in place prior to their August recess.

Trump issued the following tweet on the matter, calling the deal a “real compromise” that would benefit the nation’s military and veterans:

“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….This was a real compromise in order to give another big victory to our Great Military and Vets!”


FIGHT BIG TECH: CONTRIBUTE $$$ TO "HELP HOLD BIG-TECH ACCOUNTABLE"

Big Tech is using a content filtering system for online censorship. Take a few moments and watch our short video about NewsGuard to learn how they control the narrative for the Lamestream Media and help keep you in the dark. NewsGuard works with Big-Tech to make it harder for you to find certain content they feel is 'missing context' or stories their editors deem "not in your best interest" - regardless of whether they are true and/or factually accurate. They also work with payment processors and ad-networks to cut off revenue streams to publications they rate poorly by their same bias standards. This should be criminal in America. You can bypass this third-world nonsense and help support us by signing up for featured stories by email and get the good stuff delivered right to your inbox. Want to help us fight back against these tech tyrants? Contribute to our fundraiser..
 

The new budget deal will increase U.S. discretionary spending in 2020 fiscal year to $1.37 trillion, an increase from $1.32 trillion in 2019, according to reports. The deal brings the nation closer to avoiding steep spending cuts and defaulting on its debt, as well as averting another government shutdown when current funding plans end after September 30 of this year.

However, it’s not all good news; Congress still must pass separate appropriations bills. While the deal has many supporters, some conservatives have balked at the deal for not cutting spending enough. However, with Trump’s support – as well as that of Republican congressional leaders – it is expected to lure enough naysayers in their party to allow the deal to pass and become law. 


Comment via Facebook

Corrections: If you are aware of an inaccuracy or would like to report a correction, we would like to know about it. Please consider sending an email to corrections@publishedreporter.com and cite any sources if available. Thank you. (Policy)