The White House and congressional leaders have reached a two-year budget deal that would raise spending caps by $320 billion and suspend the debt ceiling, President Trump announced on Twitter Monday evening.
"This was a real compromise to give another big victory to our Great Military and Vets!" he added. Congress still has to pass the deal, which would set spending levels through Sept. 30, 2022 and suspend the debt ceiling until July 31, 2021. The agreement was brokered between House Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steven Mnuchin.
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