Congressional leaders reach a debt deal to avoid painful sequestration cuts

Congressional leaders reach a debt deal to avoid painful sequestration cuts

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Congressional leaders make progress on debt, spending talks Their aim is to avoid automatic spending cuts – and to minimize the chances of a government shutdown . By ANDREW TAYLOR Associated Press

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 · It would represent the fifth two-year budget agreement since a 2011 budget and debt bill set the stage for much-reviled automatic cuts known as sequestration.

According to reports, President Donald Trump is receptive to a bipartisan deal to avoid the automatic spending cuts, known as sequestration, which would be triggered without a new fiscal deal. Politico reports that Democrats want to the link the budget cap negotiations with a debt ceiling increase, but Republicans do not want to handle the.

Congressional leaders make progress on debt, spending talks. the fifth two-year budget agreement since a 2011 budget and debt bill set the stage for much-reviled automatic cuts known as sequestration. Without an agreement, the automatic cuts would total $125 billion.. "Conversations.

The meeting began normally enough, with Obama welcoming eight congressional leaders from both parties to the White House. He made opening remarks and then called on Cantor. Cantor griped that the.

 · Top leaders of both parties in Congress made better-than-expected progress Tuesday on two must-do items on the legislative agenda: averting automatic budget cuts and meeting a.

 · Seven members of Colorado’s congressional delegation urged the leaders of the U.S. House of Representatives and U.S. Senate to actively work on passing a comprehensive, balanced deficit reduction package to avoid the blunt automatic spending cuts – known as sequestration – established by the Budget Control Act of 2011.

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The White House and congressional leaders have struck a budget deal that would suspend the debt limit until mid-2021, President

Trump and lawmakers reach 2-year deal on budget and debt ceiling by Politic Talks July 22, 2019 Congressional leaders and the White House said they have reached an agreement to avoid automatic budget limits and suspend the debt ceiling for two years, which would push a contentious battle over spending beyond the 2020 election.

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