Jul 22, 2019

Trump endorses two-year budget, debt ceiling deal with Democrats

Go deeper

House votes to suspend debt ceiling through 2021

Illustration: Aïda Amer/Axios

The House voted 284-149 on Thursday to pass a budget that suspends the debt ceiling through 2021 — allowing the government to borrow money for 2 more years — and raises spending caps by about $320 billion.

The big picture: The federal debt exceeded $22 trillion in February and the Congressional Budget Office projects it to reach "unprecedented levels" over the next 30 years if current laws go unchanged. The federal deficit has grown 23% this fiscal year. Thursday's deal passes the buck on the next federal debt showdown until after the 2020 elections.

Go deeperArrowJul 25, 2019

Senate passes $2.7 trillion budget deal

Illustration: Aïda Amer/Axios

The Senate voted 67-28 to pass a $2.7 trillion budget deal Thursday that would suspend the debt ceiling through 2021, sending the package to President Trump's desk after the House passed it last week.

Why it matters: The Congressional Budget Office projected that the national debt would reach "unprecedented levels" in the next 30 years should laws remain the same. It exceeded $22 trillion in February, and the federal deficit has grown 23% this fiscal year.

Go deeperArrowAug 1, 2019

Schumer, Pelosi demand McConnell cancel Senate recess to pass gun control

Nancy Pelosi, Chuck Schumer, President Trump and Mitch McConnell. Photos: Zach Gibson/Mark Wilson/Alex Wong/Chip Somodevilla/Getty Images

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer urged Senate Majority Leader Mitch McConnell to return the Senate from August recess to "immediately" vote on a House-passed background check bill and send it to President Trump's desk.

The big picture: Pelosi and Schumer are putting the pressure on McConnell to respond to the weekend's 2 mass shootings, pointing to the fact that the House passed 2 gun-control bills earlier this year. Pelosi led a noon call with the House Democratic Caucus on Monday to discuss how to move forward.

Go deeperArrowAug 5, 2019