BREAKING — President Donald J. Trump and leaders from both the House and Senate have agreed to increase the debt limit and fund the government until the middle of December 2017.
The deal reached Wednesday at a White House meeting would attach a $7.85 billion bill approved by the House to help cities devastated by Hurricane Harvey.
According to Bloomberg News, Trump told one of their reporters, “We essentially came to a deal and I think the deal will be very good.”
The deal came after Speaker Paul Ryan (R) called the idea of adding a three-month extension of the debt ceiling to Harvey aid “ridiculous” after the Democratic leaders proposed it earlier in the day.
Democrats raced to announce the agreement before Republicans or the White House, and they did.
“In the meeting, the president and congressional leadership agreed to pass aid for Harvey, an extension of the debt limit, and a continuing resolution, both, to December 15, all together,” Senate Minority Leader Charles Schumer (D-N.Y.) and House Minority Leader Nancy Pelosi (D-Calif.) said in a joint statement.
If the proposal gets through Congress, the package would set up an end-of-the-year cliff on both funding the government and the debt ceiling. However, Schumer and Pelosi said that “both sides have every intention of avoiding default in December and look forward to working together on the many issues before us.”
Trump’s friendly agreement with Pelosi and Schumer is sure to create a stir with congressional conservatives who were resisting the idea of attaching a debt ceiling increase to the Harvey recovery bill that cleared the House on Wednesday.
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Democrats and Republicans collide over Harvey aid