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.
Some Democrats and Republicans have voiced their displeasure with the deal, including Sen. Patrick Leahy (D-Vt.), who is angry it does not keep Trump from using funds to build his wall along the southern border, and Rep. Mike Johnson (R-La.), who is outraged the agreement adds to the country's debt. The debt has grown from about $19 trillion in January 2017 to more than $22 trillion now, but speaking to reporters on Monday, Trump said he thinks the U.S. is "doing very well on debt, if you look at debt limit, however you want to define that, but we're doing very well on that and I think we're doing pretty well on a budget."