Article snippet: MORE (D-Calif.) reached a two-year budget deal Monday that also suspends the debt ceiling through July 2021, capping days of furious negotiations. The agreement, spearheaded by Pelosi and Treasury Secretary MORE, sets the top-line numbers for overall defense and nondefense spending for fiscal 2020 and 2021. “I am pleased to announce that a deal has been struck with Senate Majority Leader Trump tweeted. It’s a significant win for Mnuchin and Pelosi, who have spoken several times over the past two weeks, as well as for Kentucky Republican McConnell, who took a back seat in the talks but had been pushing the White House to accept a two-year deal. The deal is likely to face considerable pushback from conservatives and budget hawks, who were already lining up to urge Trump to reject the agreement before it was formally announced Monday. The Committee for a Responsible Federal Budget (CRFB), a fiscally conservative advocacy group, said before the deal was announced that it had the potential to be “the worst budget agreement in our nation’s history.” “If this deal passes, President Trump will have increased discretionary spending by as much as 22 percent over his first term and enshrine trillion-dollar deficits into law,” said CRFB President Maya MacGuineas. CRFB estimated that the deal could add as much as $2 trillion to deficits over the decade. House Republican Conference Vice Chairman MORE (Texas), the top Republican on the Ways and Means Committee, said he was goin... Link to the full article to read more