When President Donald Trump begrudgingly signed a budget deal he called “ridiculous” in order to get increases for the military budget, he asserted: “I’m not going to do it again.”
That was 16 months ago.
Now, the Trump administration and House Democrats reportedly have reached a deal to suspend the debt limit temporarily and increase spending by more than $300 billion with only limited cuts.
Around 5:45 p.m. in Washington, the president tweeted:
I am pleased to announce that a deal has been struck with Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, Speaker of the House Nancy Pelosi, and House Minority Leader Kevin McCarthy – on a two-year Budget and Debt Ceiling, with no poison pills….
“This was a real compromise in order to give another big victory to our Great Military and Vets!” Trump added on Twitter.
The president is again touting military funding.
“I think we’re doing pretty well on a budget,” Trump had told reporters earlier Monday in the Oval Office. “It’s very important we take care of our military. Our military was depleted and in the last two and a half years we’ve undepleted it, to put it mildly. We have made it stronger than ever before.”
Trump wanted a total of $750 billion for the military, but is getting $738 billion, nominally higher than Democrats’ counterproposal of $733 billion. It’s a $22 billion increase from the current fiscal year.
The two-year deal’s reported outline would also combine a temporary suspension of the debt limit through July 31, 2021, with raising the spending caps in the Budget Control Act for fiscal years 2020 and 2021. That means the federal government would have no limit on how much it can borrow.