House Speaker Mike Johnson brokered a last-minute agreement with Democrat leaders late Friday.
The deal extends federal funding through March and allocates substantial disaster relief, but notably excludes President-elect Donald Trump’s demand for a debt ceiling increase, according to AP.
The 118-page package maintains current government funding levels and includes $100 billion for disaster aid and $10 billion in agricultural assistance. However, it omits provisions to raise the debt ceiling, a point of contention for Trump and his allies, including billionaire Elon Musk, who had advocated for a long-term suspension of the borrowing limit.
Trump reiterated his position on the debt ceiling, calling for its extension or abolition to avoid future partisan gridlocks.
On Thursday, Trump said, “A VERY important piece, VITAL to the America First Agenda, was added as well – The date of the very unnecessary Debt Ceiling will be pushed out two years, to January 30, 2027. Now we can Make America Great Again, very quickly, which is what the People gave us a mandate to accomplish.” […]
— Read More: www.thegatewaypundit.com
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