2019 Politics
2019 begins a year of Democrat control of the House of Representatives after their success during the midterm elections of November, 2018. The Democrats have stated they plan to be a check on Trump, and to be an investigative body hoping for impeachment, or at a minimum, such a distraction as to make Trump's last two years ineffective. 2019 could be more drama than 2017 & 18.

White House and Congress Reach Deal on Spending, Debt Ceiling

7/23/19
from The Wall Street Journal,
7/22/19:

Deal defuses debt-limit issue for two years and pushes debate past 2020 presidential election.

Congressional and White House negotiators reached a deal to increase federal spending and raise the government’s borrowing limit, securing a bipartisan compromise to avoid a looming fiscal crisis and pushing the next budget debate past the 2020 election. The deal for more than $2.7 trillion in spending over two years, which must still pass both chambers of Congress and needs President Trump’s signature, would suspend the debt ceiling until the end of July 2021. It also raises spending by nearly $50 billion next fiscal year above current levels. The agreement forgoes the steep spending cuts initially sought by the administration, providing for about $320 billion in spending over two years above limits set in a 2011 budget law that established automatic spending cuts, known as the sequester. Mr. Trump, a Republican, announced the deal on Twitter late Monday, citing all four congressional leaders. He added: “This was a real compromise in order to give another big victory to our Great Military and Vets!”

House Speaker Nancy Pelosi (D., Calif.) and Treasury Secretary Steven Mnuchin negotiated the agreement for weeks, hoping to complete a deal before the House leaves Washington at the end of the week for August recess.

More From The Wall Street Journal (subscription required):



365 Days Page
Comment ( 0 )