Thursday, July 25, 2019

House Passes Two-Year Budget Deal Increasing Spending With Trump's Support

The House passed a sweeping two-year budget deal Thursday that increases spending for military and domestic programs and suspends the debt ceiling through mid-2021, sending the White House-backed legislation to the Senate.
Donald Trump used to hate raising the debt ceiling...

From the Washington Post:

The House passed a sweeping two-year budget deal Thursday that increases spending for military and domestic programs and suspends the debt ceiling through mid-2021, sending the White House-backed legislation to the Senate.

A large majority of Democrats voted for the legislation, while a majority of Republicans opposed it despite appeals from President Trump to support the bill.

The 284-149 vote was one of the last acts by the House before lawmakers leave Washington for a six-week summer recess. The Senate is expected to act on the bill next week and sent it to Trump for his signature before senators, too, abandon the Capitol for the summer.

Senate Majority Leader Mitch McConnell told reporters today, “After the House approves it today with bipartisan support, I expect the Senate to do the same next week."

Trump is especially jazzed about the deal because it could help goose the economy in the short-term by borrowing tons more cash as we head into the 2020 election cycle. He tweeted his support in advance of the vote:



But, of course, when he was running for president, the Donald was very critical of raising the debt limit.

There's always a tweet...



No comments:

Post a Comment

Note: Only a member of this blog may post a comment.