House Passes Bipartisan Budget And Debt Deal

House passes bipartisan budget and debt deal (Associated Press Photo)

WASHINGTON (AP) — A hard-won, bipartisan budget and debt compromise between President Donald Trump and Speaker Nancy Pelosi has easily passed the Democratic-controlled House.

President Donald Trump urged reluctant GOP lawmakers on Thursday to swing behind a split-the-differences bipartisan budget and debt deal between his administration and House Speaker Nancy Pelosi.

The bill would head off another government shutdown, permit the Treasury to borrow freely to pay the government’s bills, and lock in place recent budget gains for the Pentagon and domestic agencies.

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It’s a must-do measure that represents a relatively rare moment of detente in Trump’s Washington.

The legislation would take care of the two biggest items on Washington’s essential agenda. It would suspend the debt limit for two years to avert a first-ever default on U.S. payments and override draconian spending limits to prevent $125 billion in automatic spending cuts from hitting government agencies

Trump tweeted on that “House Republicans should support the TWO YEAR BUDGET AGREEMENT which greatly helps our Military and our Vets.” He added in a note of encouragement, “I am totally with you!”

Trump’s comments come ahead of a scheduled afternoon House vote on the two-year deal that would head off another government shutdown, permit the Treasury to borrow freely to pay the government’s bills, and lock in place hard-won budget gains for both the Pentagon and domestic agencies.

The agreement outlines a $1.37 trillion cap for the so-called discretionary accounts funded by Congress each year that permits Capitol Hill’s appropriations barons to get serious about advancing follow-up spending bills for the 2020 budget year beginning in October.

But it contains no new steps to curb spending elsewhere in the budget, rankling conservatives and lawmakers alarmed by the return of $1 trillion-plus budget deficits.

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