Congressional leaders and the Trump administration finished a round of breakneck budget talks on Tuesday with no resolution but a commitment to keep negotiating and try to clinch a debt and spending agreement that would avoid fiscal catastrophe.

After meeting for two hours on Tuesday morning in Speaker Nancy Pelosi’s office, Senate and House leaders left a second round of discussions in Senate Majority Leader Mitch McConnell’s suite still hung up on how much domestic spending will be part of a two-year budget deal and whether new spending will be offset by new revenues or cuts elsewhere, according to a person familiar with the talks.

Senate Minority Leader Chuck Schumer (D-N.Y.) said the leaders and the president are still “trying to get an agreement.”

House Minority Leader Kevin McCarthy (R-Calif.) said the parties agreed to meet again but haven’t yet set a date.

[Read More]

LEAVE A REPLY

Please enter your comment!
Please enter your name here