President Trump and bipartisan congressional leaders clinched a sweeping two-year budget agreement that would produce hundreds of billions in new spending and take the threat of a fiscal crisis off of Washington's plate for more than two years
The deal, which came together in a burst of urgency during a period of two weeks amid a steady stream of phone calls Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin, would eliminate -- for good -- the budget caps put into place in 2011 and suspend the debt ceiling until July 31, 2021.
Lawmakers will now have the month of September to fund the next fiscal year through the Appropriations process - an effort that had been stalled by the lack of a topline budget agreement. The latter issue, however, may become a problem for progressives in the House and was enough to already bring out the concerns from one key Democrat -- Sen. Patrick Leahy of Vermont, the top Democrat on the Senate Appropriations panel.
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