Trump, Democrats Reach Deal on Debt Ceiling, Harvey Relief

by Frankie Norman September 7, 2017, 0:43
Trump, Democrats Reach Deal on Debt Ceiling, Harvey Relief

"And we'll try to get 60 votes and move forward", McConnell told reporters.

"We agreed to a three-month extension on debt ceiling, which they consider to be sacred - very important - always we'll agree on debt ceiling automatically because of the importance of it", the president said.

Republican Senate Majority Leader Mitch McConnell said it was critical for Congress to pass disaster relief legislation, prevent a USA debt default and keep the federal government open so that help could get to the victims of Hurricanes Harvey and Irma, which was headed toward Florida. "I don't think you blackmail people into doing it", said Rep. Tom Cole, R-Okla. "His feeling was that we needed to come together to not create a picture of divisiveness at a time of genuine national crisis", he said of Trump. CR is shorthand for a stopgap government spending bill.

Ryan called a Democratic plan for just a three-month increase in the nation's debt limit "ridiculous" and "disgraceful".

Pelosi and Schumer had advocated for a short-term rise in the debt ceiling, a move that would allow the USA government to continue to borrow money.

House Democratic leader Nancy Pelosi and Senate Democratic leader Chuck Schumer on Wednesday said they would back the Harvey aid if it is linked to a three-month debt increase, not the longer term debt hike that Republicans are seeking. The yield on Treasury bills maturing December 14 rose by about eight basis points, to 1.046 percent. "We had a very, very cordial and professional meeting".

Republican House of Representatives Speaker Paul Ryan said any legislation to address the Dreamers would also need to address border security, a position sure to antagonize Democrats.

Republican leaders, according to the source, pushed for an 18-month debt limit hike, then floated six months.

Mr Trump's deal with the Democrats means that the Republican-controlled Congress will have to address partisan issues such as healthcare and immigration later in the year while negotiating with Democrats over a debt vote. Mnuchin has said Congress needs to raise the debt ceiling by September 29.

President Donald Trump sided with Democrats during a crucial meeting on the debt ceiling and other congressional priorities Wednesday, bucking his own Treasury secretary and leaving key members of his party furious. The aide also said Ivanka Trump dropped into the meeting to "say hello", and Republican leaders were visibly annoyed by her presence. Senate Republicans want to link Harvey aid to debt limit increase into 2019 after the midterm elections.

On this, the president was in agreement with all four congressional leaders-McConnell, Ryan, Pelosi and Schumer-that some kind of legislation would be a good idea.

"We're ready to pass it", he said.

Harvey devastated Houston and coastal Texas as FEMA's relief funds dry up.

. The measure, which provides $7.4 billion for the Federal Emergency Management Agency and $450 million for the Small Business Administration, will now go to the Senate and, barring unexpected setbacks, could be on Trump's desk to sign by the end of the week. Many conservatives in Congress are loath to raise it without spending cuts. The House approved the measure in a 419-3 vote.

Congressional Republican leaders opposed the three-month debt limit extension as insufficient.


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