While it won’t be news to MyGovCost readers, President Trump did indeed tie together aid to fund the recovery to large-scale damage caused in Texas and Louisiana by Hurricane Harvey with an increase in the US government’s statutory debt ceiling.
What may be surprising however is who he reached the deal to do both things with in the US Congress. Reuters has the story:
WASHINGTON/ABOARD AIR FORCE ONE (Reuters) – President Donald Trump forged a surprising deal with Democrats in Congress on Wednesday to extend the US debt limit and provide government funding until Dec. 15, embracing his political adversaries and blindsiding fellow Republicans in a rare bipartisan accord.
Trump, living up to his reputation for unpredictability, met at the White House with congressional leaders from both parties and overruled Republicans and US Treasury Secretary Steven Mnuchin, who wanted a longer-term debt-limit extension rather than the three-month Democratic proposal the president embraced.
This post was published at FinancialSense on 09/07/2017.
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