U.S. Senate Majority Leader Mitch McConnell said on Tuesday he hoped Congress co...
WASHINGTON - U.S. Senate Majority Leader Mitch McConnell said on Tuesday he hoped Congress could reach by the end of the day a two-year agreement on federal spending limits that would also increase the nation’s debt ceiling.
The U.S. Treasury later this year is expected to exhaust its statutory borrowing authority amid heavy deficit spending by the federal government. Democrats have been pushing for an increase in the debt ceiling as part of the negotiations on overall spending caps. In the past, Trump at the last minute has criticized some arrangements that congressional negotiators thought had his support.
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