White House, GOP Strike Two-Year Budget Deal

By Published on October 26, 2015

Senior White House officials and congressional leaders are nearing a deal to raise the debt limit and set the federal budget for the next two years, say sources familiar with the talks.

The agreement is not yet final, as negotiators still need to settle a dispute over controversial policy riders, but congressional leaders hope to announce something Monday evening, according to a Senate source. The deal would cover the 2016 and 2017 fiscal years.

It would also raise the nation’s debt ceiling to March 2017, according to a congressional source.

White House budget director Shaun Donovan and legislative affairs director Katie Beirne Fallon are hammering out the package with staff representing Senate Majority Leader Mitch McConnell (R-Ky.), Speaker John Boehner (R-Ohio), Senate Democratic Leader Harry Reid (Nev.) and House Democratic Leader Nancy Pelosi (Calif.).

House Ways and Means Committee Chairman Paul Ryan (R-Wis.) is expected to be elected Speaker on Thursday, but he has not taken part in these budget negotiations, aides said. Since announcing his plans to resign, Boehner has said he wants to “clean the barn up a little bit” before he leaves Congress at the end of the week.

 

Read the article “White House, GOP Strike Two-Year Budget Deal” on thehill.com.

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