Congressional lawmakers have reportedly reached a last-minute deal to avert a full-fledged government shutdown Wednesday, boosting domestic spending and slashing “budget caps” on the military budget for at least two years.
The arrangement was struck in the US Senate, amending a House resolution that was passed earlier this week. If passed, the bill goes back to the lower chamber for approval.
“A plan to lift the debt limit, which requires action in the coming weeks, and whether to extend expiring tax provisions were among the few outstanding issues, according to aides in both parties familiar with the talks,” writes Politico. “The debt limit would likely be extended through the midterm election under one framework of the deal that has been discussed.”
“I’m optimistic that very soon we’ll be able to reach an agreement,” said Senate Majority Leader Mitch McConnell.
The ongoing negotiations hit a major impasse Wednesday, with House Minority Leader Nancy Pelosi saying she needed a “firm commitment” from Speaker Paul Ryan on an up-or-down vote on DACA.
Read the full story at Politico.