Congressional leaders reach a debt deal to avoid painful sequestration cuts

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Trump and lawmakers reach 2-year deal on budget and debt ceiling by Politic Talks July 22, 2019 Congressional leaders and the White House said they have reached an agreement to avoid automatic budget limits and suspend the debt ceiling for two years, which would push a contentious battle over spending beyond the 2020 election.

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WASHINGTON – Senate leaders worked feverishly behind closed doors Saturday to avert the most painful parts. they could forge a deal for long-term spending cuts. If Reid and McConnell fail to reach.

The move highlights divisions within Congress as a deadline nears to raise the US debt limit, analysts say. On Friday, House of Representatives Speaker John Boehner said a deal to avoid a. the.

Obama’s position is that Congress should now act to avoid those across-the-board cuts. Obama can’t rightly say the sequester isn’t his, but he did need cooperation from Congress to get to.

It doesn’t matter, industry leaders. pain package designed to tame the soaring debt. And there’s no ambiguity in the views of the top lobbying arm for retirees. "AARP to Washington: No cuts to.

19 hours ago · Lawmakers Reach Surprise Budget/Debt Ceiling Deal. President Trump announced late Monday afternoon that he had reached a deal with House Speaker Nancy Pelosi and other congressional leaders for a new federal budget to raise spending on both defense and non-defense programs over the next two years – and to suspend the nation’s debt ceiling for the same period.

Divided Congress Working to Avoid Automatic Cuts, Increase Debt Limit Posted by News Team | May 22, 2019 | News Top leaders of both parties in Congress made progress Tuesday on two must-do items on the legislative agenda: averting automatic budget cuts and meeting a deadline later this year to increase the government’s borrowing limit.

Congressional budget leaders reached a debt deal, hoping to avoid billions of dollars in automatic spending cuts while getting the 2014 fiscal year kicked off without political gridlock over how.