Lawmakers return to assess budget and debt agreement
House lawmakers WASHINGTON — are returning to Washington to assess a budget and debt deal between Democratic House Speaker Nancy Pelosi and President Donald Trump, but there’s no evidence of any last-gasp drama that could upset the hardwon compromise.
Reaction to the two-year deal, which would enable the government’s debt-fueled spending increases to continue through late 2021, broke along predictable lines. Washington’s pragmatic class is supporting it, sometimes reluctantly, while lawmakers on the right are the main voices of opposition.
The bill, and a $1.37 trillion follow-up round of spending bills this fall, would eliminate any possibility of a repeat government shutdown or a firstever default on U.S. obligations — or politically exhausting battles that contain risk for both sides.
The deal, announced on Monday by Trump on Twitter and in a statement by Pelosi and Senate Democratic leader Chuck Schumer, will restore the government’s ability to borrow to pay its bills past next year’s elections and build upon recent large budget gains for the Pentagon and domestic agencies.
“I am pleased to announce that a deal has been struck,” Trump tweeted, saying there will be no “poison pills” added to follow-up legislation. “This was a real compromise in order to give another big victory to our Great Military and Vets!”
The agreement is on a broad outline for $1.37 trillion in agency spending next year and slightly more in fiscal 2021. It would deliver wins to lawmakers seeking to break Washington’s unproductive logjam and at least perform their core job of writing the nation’s so-called discretionary budget.
Both Schumer and Senate Majority Leader Mitch McConnell, R-Ky., a key behindthe-scenes architect of the measure, swung forcefully behind it Tuesday in backto-back floor speeches.
“The agreement secures the most important priority of the Republican conference,” McConnell said. “Securing the resources we need to provide for the common defense. This deal does it.”
A powerful, longstanding coalition of Democrats, GOP defense hawks and an underappreciated but powerful band of appropriators promise to deliver a strong vote for the legislation. A House vote is expected Thursday; a Senate vote likely would come next week.
Senior Senate Democrats emerged from a Tuesday morning meeting with Schumer supporting the bill, with some reluctance in a few cases.
“This is pragmatic and logical and good for the country and we should support it even though Donald Trump likes it,” said Sen. Brian Schatz, D-Hawaii. “It’s an imperfect vehicle but that’s the way you get a bipartisan agreement with the president.”
Top House GOP leaders stand behind the deal as a flawed but achievable outcome of a government in which Pelosi wields considerable power.
“While this deal is not perfect, compromise is necessary in divided government,” said House Minority Leader Kevin McCarthy, R-Calif.
At issue are two separate but pressing items on Washington’s must-do agenda: increasing the debt limit to avert a first default on U.S. payments and acting to set overall spending limits and prevent $125 billion in automatic spending cuts from hitting the Pentagon and domestic agencies with 10% cuts starting in January.
However, the deal also comes as budget deficits are rising to $1 trillion levels — requiring the government to borrow a quarter for every dollar it spends — despite the thriving economy and three rounds of annual Trump budget proposals promising to crack down on the domestic programs that Pelosi is successfully defending now.