Oh well
Siding with Democrats, Trump agrees to three-month debt-limit rise
WASHINGTON (Reuters) - President Donald Trump, siding with Democrats over his fellow Republicans, said he agreed on Wednesday with lawmakers to pass an extension of the U.S. debt limit until Dec. 15, potentially avoiding an unprecedented default on U.S. government debt.
After meeting with congressional leaders from both parties at the White House, Trump said he also agreed on a funding bill until mid-December that would avert a government shutdown, and disaster aid for Hurricane Harvey victims.
“We have an extension, which will go out to December 15th. That will include debt ceiling, that will include (short-term spending for the coming fiscal year) and it will include Harvey, the amount of money to be determined,” Trump told reporters aboard Air Force One.
Trump, who has had fraught relations with congressional leaders in both parties, is heading into the toughest legislative stretch of his presidency. He described the talks at the White House on Wednesday as cordial and professional.
A source briefed on the meeting said Treasury Secretary Steve Mnuchin and all Republicans there argued for a debt limit increase for a longer period. But by the end of the meeting, Trump sided with Democrats who wanted a three-month increase.
“Both sides have every intention of avoiding default in December and look forward to working together on the many issues before us,” top Senate Democrat Chuck Schumer and top House of Representatives Democrat Nancy Pelosi said in a statement.
Siding with Democrats, Trump agrees to three-month debt-limit rise | Reuters
Siding with Democrats, Trump agrees to three-month debt-limit rise
WASHINGTON (Reuters) - President Donald Trump, siding with Democrats over his fellow Republicans, said he agreed on Wednesday with lawmakers to pass an extension of the U.S. debt limit until Dec. 15, potentially avoiding an unprecedented default on U.S. government debt.
After meeting with congressional leaders from both parties at the White House, Trump said he also agreed on a funding bill until mid-December that would avert a government shutdown, and disaster aid for Hurricane Harvey victims.
“We have an extension, which will go out to December 15th. That will include debt ceiling, that will include (short-term spending for the coming fiscal year) and it will include Harvey, the amount of money to be determined,” Trump told reporters aboard Air Force One.
Trump, who has had fraught relations with congressional leaders in both parties, is heading into the toughest legislative stretch of his presidency. He described the talks at the White House on Wednesday as cordial and professional.
A source briefed on the meeting said Treasury Secretary Steve Mnuchin and all Republicans there argued for a debt limit increase for a longer period. But by the end of the meeting, Trump sided with Democrats who wanted a three-month increase.
“Both sides have every intention of avoiding default in December and look forward to working together on the many issues before us,” top Senate Democrat Chuck Schumer and top House of Representatives Democrat Nancy Pelosi said in a statement.
Siding with Democrats, Trump agrees to three-month debt-limit rise | Reuters
