Senate Leaders Reach Budget Deal After Months of Government Shutdown Threats

Senate Leaders Reach Budget Deal After Months of Government Shutdown Threats

The bottom line: The House, which passed a stopgap spending bill Tuesday, could still reject this deal, unleashing a chaotic scramble to keep the government running, but with midterm elections looming, enough lawmakers from both sides are likely to line up behind the deal and end the prospect of further shutdown drama.

If that fails, the USA government would experience its second shutdown this year, after a partisan standoff over US immigration policy led to a three-day partial shutdown last month.

"I'm pleased to announce that our bipartisan, bicameral negotiations on defense spending and other priorities have yielded a significant agreement", Majority Leader Mitch McConnell, a Kentucky Republican, said on the Senate floor.

A bipartisan measure to avoid the impending USA government shutdown was announced on Wednesday - but questions remain about whether it will pass.

"Nobody wants the government to shut down", number two House Democrat Steny Hoyer told CNN.

The Senate is expected to pass the measure and send it to the House before government funding expires at the end of Thursday, which is the expiration of the current continuing resolution that Congress passed in January.

"The American public was reminded it's not one simple party rule - in the, it takes 60 votes to pass anything", said House Majority Leader Kevin McCarthy.


The dollar rose on the deal, as did yields on the 10-year U.S. Treasury.

Ryan urged his members to vote for it: "America will be safer and stronger because of this agreement". "I'm optimistic that very soon we'll be able to reach an agreement", McConnell said. "We don't want the flawless to get in the road of the good", he told the cable network.

"I want to thank my friend the Democratic Leader for joining me this afternoon, and for the productive discussions that generated this proposal", McConnell, standing alongside Senate Minority Leader Chuck Schumer, said on the Senate floor Wednesday.

President Trump tweeted his thumbs-up for a bipartisan budget deal hatched by Senate leaders Wednesday, signaling to House conservatives they should get behind the compromise. The agreement was reached after Senate Democrats agreed to set aside their immigration policy demands - something House Democrats may not be willing to do.

McConnell didn't schedule a vote on the budget and government funding deal, which will also raise the debt ceiling until March 2019, before adjourning the Senate for the night. They supported a short-term spending bill that didn't address immigration because McConnell promised he would allow debate on immigration legislation. Nancy Pelosi (R-CA) said that she is withholding support until Paul Ryan (R-WI) makes a similar commitment.

Some conservative House Republicans object to the the increased spending, while Democrats in the chamber want assurances on immigration.

Some House Republicans, meanwhile, have already objected to the bill on the grounds that it spends way too much money.

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