Trump Administration, Congress Have Agreed on ‘Top-Line’ Spending Levels, Mnuchin Says

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Trump Administration, Congress Have Agreed on ‘Top-Line’ Spending Levels, Mnuchin Says
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Treasury Secretary Steve Mnuchin says an agreement has been reached on spending levels and raising the debt ceiling for the next two years

WASHINGTON—Congress and the Trump administration have agreed on overall spending levels and raising the U.S. government’s borrowing limit for two years, though negotiators are still working on how to offset the cost of the spending agreement, Treasury Secretary Steven Mnuchin said Thursday.

Mr. Mnuchin, who is in France for the G7 finance ministers meeting, made the remarks on CNBC Thursday morning. He has been speaking regularly with House Speaker Nancy Pelosi , who said on Wednesday that Congress and the administration...

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