Pelosi ready for deal on borrowing limit, spending levels

WASHINGTON (AP) — House Speaker Nancy Pelosi says she wants to complete a deal with President Donald Trump this month that would raise the government’s borrowing limit and set spending levels for the coming budget year.

Pelosi’s office says the California Democrat spoke twice with Treasury Secretary Steven Mnuchin on Thursday, and she told reporters she is convinced the double-barreled negotiation needs to be completed before Congress leaves Washington for its August recess.

Mnuchin has been urging lawmakers to raise the so-called debt limit soon, warning that the government risks defaulting on U.S. obligations in early to mid-September. Pelosi and Capitol Hill GOP leaders want to pair the unpopular debt measure with a new spending “cap” for the approximately $1.3 trillion in agency budgets appropriated by Congress each year.

Associated Press

Associated Press

TOP STORIES

KBJR 6 Weather Authority

Ashland
Hayward
72°
Superior
63°
Hibbing
65°
International Falls
63°
Grand Marais
Ironwood
73°
Siren
Solon Springs
70°
Munising
Brainerd
72°
Bemidji
69°
Aitkin
Silver Bay
61°
Cloquet
Cook
Ely
Grand Rapids
72°
Mora
Moose Lake
Orr
Two Harbors
Hinckley
68°
Connect with KBJR 6
Top Stories
Scroll to top
Skip to content