House Speaker Nancy Pelosi of Calif. reads from a paper titled "Know Your Rights" regarding ICE agents attempting to perform raids as she meets with reporters on Capitol Hill in Washington, Thursday, July 11, 2019. (AP Photo/Andrew Harnik)

Washington talks could soon yield spending, debt deal

July 17, 2019 - 12:12 pm

WASHINGTON (AP) — Washington negotiators are closing in on a deal that would stave off the chance of a government shutdown this fall and allow Congress to approve legislation to increase the government's borrowing limit.

The emerging two-year framework would guide congressional work on more than $1.3 trillion in agency operating budgets. The chief advocates of the deal include House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell, along with top Senate Democrat Chuck Schumer. Treasury Secretary Steven Mnuchin is the chief negotiator for the Trump administration.

Pelosi said a deal needs to be finished soon if legislation is going to be approved before the August recess.

Many House conservatives are likely to oppose the agreement as spending too much on Democratic domestic initiatives and ignoring budget deficits estimated at $1 trillion.

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