Trump confirmed the deal after Senate Minority Leader Chuck Schumer (D-N.Y.) and House Minority Leader Nancy Pelosi (D-Cal.) announced that they and GOP congressional leaders had reached it following a White House meeting with the president on the packed September agenda.
Trump also informed his fellow Republicans that he will likely eventually cave on DACA, allowing Congress to codify protections for undocumented immigrants brought to the U.S.as children into law. Until Wednesday, that hasn't happened. Trump himself reportedly rejected a Republican compromise plan for a six-month increase.
Trump's deal with Democrats doesn't appear to help Republicans at all.
Pelosi and Schumer had advocated for a short-term rise in the debt ceiling, a move that would allow the US government to continue to borrow money. Mnuchin argued that the financial markets needed a long-term deal.
"We will not be advancing legislation that doesn't have the support of President Trump because we are going to work with the president on how to do this legislation", Ryan (R-Wis.) said during a news conference of Republican House leaders.
The one good thing to come out of Trump's surprise deal with the Democrats?
In the course of a relatively brief negotiating session at the White House, Trump largely sided with Democratic leaders as they pushed for the three-month deal.
"We agreed to a three-month extension on [the] debt ceiling, which they consider to be sacred - very important", he said.
"A three-month debt ceiling?"
Granting just a three-month debt limit increase is a hardball tactic that preserves Democrats' ability to force another poisonous fight on Republicans at the end of the year. The Senate was expected to attach a debt limit hike to the bill and send it back to the lower chamber, at the urging of Treasury secretary Steven Mnuchin. "We need to get the economy growing again and that's what we need to focus on".
"The president told America last week that he loved the Dreamers and then this week made clear that he wants to deport them, so it's getting tougher to tell what he really thinks", a senior Democratic aide said.
Heitkamp says in a statement that the "devil is in the details" because tax codes are complex and "we need to know what those details are". They cited a variety of reasons, including market reactions and the idea Democrats were using the short-term offer to try to get more policy concessions, but Trump said he wanted a deal, one person said.
It's unlikely that this particular accord signals an age of bipartisan bonhomie in Washington. The decision gives lawmakers until early March to come up with legislative fix.
This also comes a day after the Trump administration announced that it was ending the 2012 program created by Obama that has deferred deportations for more than 780,000 people who came to the US illegally as children.