White House and Congressional leaders are still working to finalize details of a sweeping budget deal that would address the debt ceiling and budgetary spending caps. Reports suggest that both sides are zeroing in on a deal that would include spending offsets that total less than the administration’s $150 billion demand, as well as a two-year suspension of the debt ceiling. Negotiators are still waiting for President Donald Trump to sign off on this latest proposal. If the president signs off on the deal, House Speaker Nancy Pelosi (D-CA) will look to muscle the package through the lower chamber prior to the six-week August recess.
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