BREAKING: The House on Thursday approved a deal crafted by Treasury Secretary Steven Mnuchin and Speaker Nancy Pelosi to lift the nation’s debt ceiling and raise caps set on federal spending for the next two years.
to lift the nation’s debt ceiling and raise caps set on federal spending for the next two years.
The package is slated to get a vote next week in the Senate, where is it expected to pass. Trump tweeted Thursday morning in strong support of the deal, suggesting that he would sign it. The bill passed with 219 Democratic votes, one more than the minimum needed for passage in the House. The strong Democratic support underscored the whipping power of the speaker and that Democrats felt the bill was a good deal for them.
Negotiators cobbled the deal together by combining two significant fiscal lifts for Congress. First, lawmakers had to raise the debt limit — which Republicans often protest — by September.
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