President Trump signs massive two-year budget deal into law.
President Donald Trump on Friday signed into law a two-year budget deal that raises spending limits and suspends the debt ceiling for two more years.
The GOP-controlled Senate approved the bill, 67-28, on Thursday, after the Democratic-controlled House approved it, 284-149, last week.The bill allows for a $320 billion increase in government spending, a number that rankled most Republicans in Congress and prompted many to vote against the deal. It also suspends the debt ceiling through mid-2021. Senate Majority Leader Mitch McConnell, R-Ky., and Trump had urged Republicans to support the bill.
The deal sets federal spending limits, increasing military and nonmilitary spending. Military spending would increase to $738 billion from $716 billion in fiscal 2020, which begins Oct. 1, and to $740.5 billion the subsequent fiscal year. Nonmilitary programs, such as immigration and border enforcement, Medicaid, forest management and health programs, would grow to $632 billion from $605 billion next year and $634.5 billion the next year. It also adds to the deficit, which has risen since Trump came into office.
House Speaker Nancy Pelosi, D-Calif., said this week that the budget agreement could reduce the likelihood of another government shutdown next month. Congress passed a spending package this year that only funded the government through September after a historic 35-day shutdown that crippled Washington.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Senate, over GOP objections, passes 2-year budget deal backed by Trump, averting fiscal crisisThe Senate approved a two-year budget deal on Thursday that lifts strict caps on spending by hundreds of millions of dollars and raises the nation’s borrowing authority -- known as the debt ceiling -- a rare bipartisan agreement crafted by House Speaker Nancy Pelosi and Treasury Secretary Stephen Mnuchin
Leer más »
GOP-controlled Senate confirms 13 more judges named by TrumpAs the Senate departed for a five-week recess Thursday, Senate Majority Leader Mitch McConnell hailed the chamber&39;s accomplishments, including a hard-won budget deal that staves off a possible government shutdown. The actions bring to more than 140 the number of judges confirmed by the Senate since
Leer más »
Trump nominee for UN ambassador, Kelly Knight Craft, confirmed over Democrats' objectionsCraft came under fire from Democrats for her views on climate change and her ties to the coal industry. Her husband is the CEO a major U.S. coal company.
Leer más »
The Latest: Budget, debt deal clears Senate, heads to TrumpWASHINGTON (AP) — The Latest on legislation dealing with the federal budget and the government's borrowing limit (all times local): 12:13 p.m. A bipartisan budget and debt deal has...
Leer más »
Senate gives final passage to budget increasing military spending and deficit, Trump to signBREAKING: Congress passes budget deal increasing military spending and the deficit; President Trump expected to sign.
Leer más »
Senate passes 2-year budget deal backed by Trump, averting fiscal crisisJUST IN: In a rare bipartisan agreement, Senate approves two-year budget deal lifting strict caps on spending by hundreds of millions of dollars and raising the debt ceiling.
Leer más »