House approves Trump-backed budget and debt limit package
House lawmakers on Thursday approved a budget and debt deal that President Trump had endorsed, although most Republicans voted against the package. While not funding the government, the measure would stave off another government shutdown by permitting the Treasury to borrow freely to pay the government’s bills and solidify recent budget gains for military and domestic programs. The measure would tackle two big items on Washington’s agenda: increasing the debt limit through 2021, thus averting a default on U.S. payments, and setting overall spending limits to prevent $125 billion in automatic spending cuts from hitting military and domestic programs, with 10 percent cuts beginning in January.
House lawmakers on Thursday approved a budget and debt deal that President Trump had endorsed, although most Republicans voted against the package. While not funding the government, the measure would stave off another government shutdown by permitting the Treasury to borrow freely to pay the government’s bills and solidify recent budget gains for military and domestic programs. The measure would tackle two big items on Washington’s agenda: increasing the debt limit through 2021, thus averting a default on U.S. payments, and setting overall spending limits to prevent $125 billion in automatic spending cuts from hitting military and domestic programs, with 10 percent cuts beginning in January.
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