White House and Congress Reach Deal on Spending, Debt Ceiling

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White House and Congress Reach Deal on Spending, Debt Ceiling
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Congressional and White House negotiators reached a bipartisan deal to raise federal spending and lift the government's debt limit

Congressional and White House negotiators reached a deal to increase federal spending and raise the government’s borrowing limit, securing a bipartisan compromise to avoid a looming fiscal crisis over the demands of conservatives in the House and administration who had called for deep spending cuts.

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin negotiated the agreement for weeks, hoping to finalize a deal before the House leaves Washington at the end of the week for August recess. Mr. Mnuchin had warned...

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