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Congress is set to vote on a budget deal President Trump supports before both chambers break on Friday for the August recess.
AP reports the “hard-won, warts-and-all” pact House Speaker Nancy Pelosi, D-San Francisco, reached with Trump could add $2 trillion or more to the government’s credit card, prevent a shutdown and raise the debt limit. While Senate Majority Leader Mitch McConnell, R-Ky., is confident the deal will pass, AP explains why Congressional Republicans face a tough political choice with their vote on the bill:
“The tea party-driven House GOP conference broke against it by a 2-1 ratio, but most pragmatists see the measure as preferable to an alternative fall landscape of high-wire deadlines and potential chaos. The government otherwise would face a potential debt default, an Oct. 1 shutdown deadline.”
Pelosi and the Trump administration agreed to limit the government’s $22 trillion debt for two years and avert the risk of the Pentagon and domestic agencies being hit with $125 billion in automatic spending cuts — the last gasp of the 2011 Budget Control Act, a complex experiment aimed at forcing lawmakers into tough fiscal decisions that they couldn’t arrive at on their own.
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