Republicans, Democrats Reach Deal on Budget, Debt Ceiling

Congressional Democrats and Republicans have struck a budget deal that would suspend the debt limit until mid-2021, President Donald Trump and Democratic congressional leaders announced Monday.

The emerging two-year agreement would suspend the debt limit until July 31, 2021, and put an end to automatic spending cuts that would have kicked in without a deal. 

President Donald Trump spoke optimistically earlier in the day about the prospects for a deal and touted that it would boost military spending.

Photo Credit: Getty Images

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