Mnuchin: Negotiators Agree on Core Elements of Budget Deal
|07/18/2019||Posted by BusinessMediaguide.Com under General World News||
Treasury Secretary Steven Mnuchin said Thursday that budget and debt negotiators have reached an agreement on the core elements of a deal to increase the government’s borrowing cap and set a $1.3 trillion overall level for the agency budgets that Congress passes each year.
Speaking on CNBC’s “Squawk Box” on Thursday, Mnuchin said negotiations with Democratic House Speaker Nancy Pelosi of California have settled on a debt limit increase that would cover two years. He said they’ve agreed on spending levels, too, though he did not disclose them.
Still to be resolved are offsetting spending cuts to help finance the deal and read more >>>