U.S. Congress and White House negotiators spent hours in closed-door meetings tr...
WASHINGTON - U.S. Congress and White House negotiators spent hours in closed-door meetings trying to reach a two-year deal on federal spending but could not yet wrap up an agreement, Senate Democratic leader Chuck Schumer said on Tuesday.
“We’re trying to come to an agreement, and one of the biggest questions is how to fund all of the needs of the middle-class on the domestic side,” he said, adding that no more meetings were scheduled for Tuesday. An increase in U.S. Treasury Department borrowing authority also was under discussion in the closed-door sessions.
Treasury later this year is expected to exhaust its statutory borrowing authority amid heavy deficit spending by the federal government. Earlier, Schumer said it remains to be seen whether Republican President Donald Trump would back a pact if one emerges.
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