Trump Strikes a Three-Month Debt Ceiling Deal … With Democrats

Share
Trump Strikes a Three-Month Debt Ceiling Deal … With Democrats

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.

Also on the CRs and also on Harvey, which now we're going to be adding something because of what's going on in Florida - but we had a very good meeting.

"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.

Share

Advertisement

Related Posts

A Deadly, 8.1 Magnitude Earthquake Has Struck Off The Coast Of Mexico
It was close to both the Mexican states of Chiapas, which borders Guatemala, and Oaxaca in the Middle America trench. The quake hit offshore in the Pacific about 120km southwest of the town of Tres Picos in far southern Chiapas state.

Why Gambling Is Better than Sports Betting
Additionally, they can use these versions to practice various strategies to see which one will earn them the best winning chances. These versions give the gambler a chance to sift through the games to find the best one that resonates with their style.

3 Secrets of Innovation Development by Max Polyakov
Also, the investor should never forget that even the biggest amount of invested resources doesn’t guarantee a success. One of the recent examples is the mass closing of brick-and-mortar shops in the USA because of Amazon’s popularity.

No Evidence Russia Played a Role in US Election
Still, Facebook has struggled with exactly how transparent to be about its processes and how deeply to police its users. The company said about 3,000 ads were bought by people operating almost 500 fake Facebook accounts.

Cooper Tire & Rubber Company (CTB) Stake Increased by Retirement Systems of Alabama
As per Monday, December 5, the company rating was upgraded by Citigroup. (NYSE:APD) on Friday, July 15 with "Neutral" rating. FBR & Co restated a "buy" rating and issued a $53.00 target price on shares of Cooper Tire & Rubber in a report on Tuesday.

Will Smith posts first look from Aladdin sets
For over 90 years, The Walt Disney Studios has been the foundation on which The Walt Disney Company was built. The original film was an enormous hit for Disney with $504.1 million worldwide on a $28 million gross.

Justice is served as new Judge Dredd figure preorders are now open
Despite the hefty price tag of $799.99, there is a 15% discount available for customers who pay in full or opt into a payment plan.

Benedict Cumberbatch's Thomas Edison lights up The Current War trailer
It was a slug fest between Edison, with his direct current electricity, and Westinghouse, with his alternating current system. Alfonso Gomez-Rejon also directs Katherine Waterston , Tom Holland , Tuppence Middleton , and Matthew Macfadyen .

Irma alert: Turks and Caicos in path of destruction
The National Hurricane Center forecast cone only projects five days because storm forecasting skill falls dramatically thereafter. The hurricane will then move across the south-eastern Bahamas by this evening, and then be near the central Bahamas by Friday.

Gary Anderson Claimed His First Coral UK Open Title
A Few Information About Gary Anderson Gary Anderson is a professional darts player who was born in 1970 in Musselburgh. He’s 24 years younger than Gary Anderson, so we can agree that the experience made the difference in this case.

© 2015 ExpressNewsline. All Rights reserved.