Assuming the Senate rubber-stamps the deal with less drama and Trump doesn’t conduct one of his bizarre flip-flops, Congress will be free to go home for its long August recess and high-level fiscal drama will be postponed until after the 2020 election
Nancy Pelosi showed leadership that was lacking in the House GOP. Photo: Bill Clark/CQ-Roll Call,Inc. Congressional Republicans love to live off the fat of the land their fiscal policies, including tax cuts and uninhibited Pentagon spending, provide to donors, lobbyists, and constituents. But when it comes time to pay the bills with debt limit increases or the deal-making accommodations necessary to get their priorities through a divided Congress, they are sometimes nowhere to be found.
That’s right: The House Democrats whom Trump was trashing just yesterday saved his bacon on probably the single biggest piece of legislation in Congress this year with Pelosi doing the heavy lifting. Even two members of “the Squad” that Trump was attacking with racist tweets so recently voted “aye,” despite the fact that the president’s allies in the House Freedom Caucus defected en masse.
[T]he legislation would avoid a $125 billion decrease in discretionary spending that was set to begin in fiscal 2020 under the 2011 deficit reduction law. It would also suspend the debt limit until July 31, 2021, though Mnuchin says accounting maneuvers could give Treasury until later in the year — removing the possibility, for now, of the country defaulting for the first time since the War of 1812.
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