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President TrumpDonald John TrumpChelsea Clinton announces birth of third child Ukrainian officials and Giuliani are sharing back-channel campaign information: report Trump attacks 'the Squad' as 'racist group of troublemakers' MORE announced on Monday that Congress and the White House had reached a two-year budget deal after days of furious negotiating.
The agreement, spearheaded by House Speaker Nancy PelosiNancy PelosiPelosi, Mnuchin reach 'near-final agreement' on budget, debt ceiling Wendy Davis launches bid for Congress in Texas Steyer calls on Pelosi to cancel 'six-week vacation' for Congress MORE (D-Calif.) and Treasury Secretary Steven MnuchinSteven Terner MnuchinPelosi, Mnuchin reach 'near-final agreement' on budget, debt ceiling Don't let budget talks threaten Medicare Part D The Hill's Morning Report — Mueller Time: Dems, GOP ready questions for high-stakes testimony MORE, sets the top-line numbers for overall defense and non-defense spending for the 2020 and 2021 fiscal years. It would also suspend the debt ceiling through July 2021.
“I am pleased to announce that a deal has been struck with Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellThe Hill's Morning Report — Mueller Time: Dems, GOP ready questions for high-stakes testimony Election security to take back seat at Mueller hearing McConnell challenger faces tougher path after rocky launch MORE, Senate Minority Leader Chuck SchumerCharles (Chuck) Ellis SchumerTrump says he will meet with Schumer 'ASAP' after border visit Dem senator describes 'overcrowded quarters,' 'harsh odor' at border facilities Top Democrats demand security assessment of Trump properties MORE, Speaker of the House Nancy Pelosi, and House Minority Leader Kevin McCarthyKevin Owen McCarthyThe Hill's Morning Report: Trump walks back from 'send her back' chants History in the House: Congress weathers unprecedented week EU official in Canada says he feels 'at home' there because no one was shouting 'send him back' MORE - on a two-year Budget and Debt Ceiling, with no poison pills,” Trump tweeted.
It’s a significant win for Mnuchin and Pelosi, who have spoken several times over the past two weeks, as well as for Majority Leader Mitch McConnell (R-Ky.), who took a back seat in the talks but has been pushing the White House to accept a two-year deal.
It also includes enough sweeteners for both sides to cherry pick what seas they’ll claim victory on including a bump in defense spending, considered a top priority for Republicans, and the domestic priorities touted by Democrats.
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