Republicans, Democrats Reach Deal on Budget, Debt Ceiling - NBC Southern California
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Republicans, Democrats Reach Deal on Budget, Debt Ceiling

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    Be the Toast of the Breeders’ Cup
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    Senate Majority Leader Mitch McConnell (L) and House Speaker Nancy Pelosi

    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.