White House and congressional leaders are getting close to a budget deal that would raise spending levels for both the Pentagon and non-defense programs while extending the debt limit until at least July 2021
White House officials and congressional leaders are closing in on a budget deal on Monday that would raise spending levels for both the Pentagon and non-defense programs while extending the debt limit until at least July 2021, according to sources close to the talks.
While neither side will be completely happy with the agreement, sources close to Mnuchin and Pelosi describe it is a "real compromise" that gives both parties some of what they want while permanently ending the sequester requirement under the 2011 budget law. That law calls for $125 billion in automatic spending cuts if no new deal is reached.
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