The two-year, $1.37tn agreement would avoid the possibility of a government shutdown or first-ever federal default
Donald Trump and congressional leaders announced Monday that they had struck a critical debt and budget agreement. The deal amounts to an against-the-odds victory for Washington pragmatists seeking to avoid a politically dangerous tumult over the possibility of a government shutdown or the first-ever federal default.
The deal, announced by Trump on Twitter and in a statement by the Democratic House speaker, Nancy Pelosi, and the Senate Democratic leader, Chuck Schumer, will restore the government’s ability to borrow to pay its bills past next year’s elections and build upon recent large budget gains for the Pentagon and domestic agencies.
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