Politics: Trump signs bipartisan budget and debt deal into law - PressFrom - US

PoliticsTrump signs bipartisan budget and debt deal into law

20:35  02 august  2019
20:35  02 august  2019 Source:   msn.com

Freedom Caucus opposes budget deal, citing 'unsustainable' debt

Freedom Caucus opposes budget deal, citing 'unsustainable' debt The House is expected to vote on the budget deal Thursday.

The deal suspends the debt limit for two years, heading off a default. The Senate on Thursday approved a two-year budget deal that set new spending levels and boosted the nation's borrowing authority. This is the deal President Trump is waiting and eager to sign into law ," McConnell said

President Donald Trump announced a bipartisan deal to suspend the U.S Even if the budget deal is signed into law , Congress must still pass spending bills adhering to the spending caps to keep the lights on. The Treasury Department has been using so-called extraordinary measures to meet debt

WASHINGTON — The White House says President Donald Trump has signed a bipartisan budget and debt deal.

Trump signs bipartisan budget and debt deal into law © Carolyn Kaster President Donald Trump is shown in the Oval Office on July 26, 2019.

Trump signed the bill Friday at the White House.

The deal permits the government to resume borrowing to pay its bills and sets an overall $1.37 trillion limit on agency budgets approved by Congress annually. It also ends automatic spending cuts and eliminates the prospect of an October government shutdown.

The Senate voted 67-28 on Thursday to send the legislation to Trump. The House had already passed the bill.

Republican Sen. Rand Paul of Kentucky criticized the addition of hundreds of billions of dollars to the nation's debt.

Senate passes 2-year budget deal, sending bill to Trump.
The Senate on Thursday passed a bill to raise the U.S. budget and lift the debt ceiling for the next two years. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); The spending deal now heads to the Oval Office desk to be signed by President Donald Trump. The bill passed the House last week despite weak support from Republicans, even after Trump urged them to vote for the deal.

—   Share news in the SOC. Networks

Topical videos:

usr: 0
This is interesting!