NEW: McConnell announces a budget caps deal on the Senate floor.
McConnell on the new budget deal: "This bill is a product of extensive negotiations among congressional leaders and the White House."
McConnell says the base Dreamer bill he brings up in the Senate "will not have underlying immigration text" but will allow for amendments in a fair process.
"I obviously cannot guarantee any outcome," he says.
"I obviously cannot guarantee any outcome," he says.
Schumer hails the budget deal as one that'll "lift funding for domestic programs by $131 billion" (sounds like he means over two years).
Senate budget deal extends CHIP for TEN years, not the SIX in the prior stopgap.
.@SenSchumer whacks Trump while announcing the budget deal, saying it was "completed without a great deal of help from the White House."
Schumer: "I also hope that Speaker Ryan will do what Senator McConnell has promised to do" and "allow a fair and open process" with a Dreamer vote.
Notably, he doesn't explicitly condition his support for the budget deal on there being a House immigration vote.
Notably, he doesn't explicitly condition his support for the budget deal on there being a House immigration vote.
As McConnell and Schumer announce a budget deal, @NancyPelosi enters her 3rd hour speaking on the House floor, vowing to oppose it unless it comes with a promise to hold a Dreamer protection vote.
Deficits, shmeficits: Fresh off a $1.5 trillion tax cut, Congress reaches a deal to raise spending by ~$300 billion over the next two years.
Post-Jimmy Carter, the U.S. budget deficit has risen under every Republican president and fallen under every Democratic president.
That trend is continuing under Trump.
That trend is continuing under Trump.
TWO-YEAR BUDGET DEAL
•$165 billion more military spending
($80b in FY2018, $85b in 2019)
•$131 billion more non-defense spending
($63b in FY2018, $65b in 2019)
•10-year CHIP extension
bloomberg.com/news/articles/…
•$165 billion more military spending
($80b in FY2018, $85b in 2019)
•$131 billion more non-defense spending
($63b in FY2018, $65b in 2019)
•10-year CHIP extension
bloomberg.com/news/articles/…
Budget deal repeals IPAB under Obamacare, per one GOP senator.
IPAB is a Medicare cost-control board with authority to cut provider pay if spending rises above a certain level. Republicans and health industry hate it; Dems have argued it's needed to keep Medicare sustainable.
IPAB is a Medicare cost-control board with authority to cut provider pay if spending rises above a certain level. Republicans and health industry hate it; Dems have argued it's needed to keep Medicare sustainable.
Another victory for Republicans in hacking away at pieces of Obamacare — after zeroing out the individual mandate and delaying a bunch of its taxes.
The big victory for Democrats in the budget deal is $131 billion in extra non-defense spending.
A total rejection of Trump's proposals for ~yooge~ non-defense cuts.
A total rejection of Trump's proposals for ~yooge~ non-defense cuts.
.@SenatorDurbin says he WON'T attend @realDonaldTrump's military parade, calling it a "colossal waste of funds" designed for "the president's amusement."
He says Trump is "easily amused" and wants to copy the French.
He says Trump is "easily amused" and wants to copy the French.
The budget deal lifts the debt ceiling through March 1, 2019, per a summary from McConnell's office.
