Senate Republican leader sees deal on budget caps, debt ceiling soon

WASHINGTON (Reuters) - Senate Republican leader Mitch McConnell said on Tuesday he hoped Congress could reach by the end of the day a two-year agreement on budget caps that would also lift the nation's debt ceiling.

Reuters May 22, 2019 02:06:27 IST
Senate Republican leader sees deal on budget caps, debt ceiling soon

Senate Republican leader sees deal on budget caps debt ceiling soon

WASHINGTON (Reuters) - Senate Republican leader Mitch McConnell said on Tuesday he hoped Congress could reach by the end of the day a two-year agreement on budget caps that would also lift the nation's debt ceiling.

"Our hope is to make a deal before the day is over," he told reporters. "The agreement would be a two-year caps deal which would allow us to go forward with some semblance at least of a regular appropriations process. It would also in all likelihood include the debt ceiling."

(Reporting by Amanda Becker and Doina Chiacu; Writing by Tim Ahmann; Editing by Mohammad Zargham)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

Guinea president 'captured', govt dissolved, claim army putschists'; attack on presidential palace repulsed, say authorities
World

Guinea president 'captured', govt dissolved, claim army putschists'; attack on presidential palace repulsed, say authorities

Reports suggest that they captured President Alpha Conde and dissolved the government, bust the ground situation remains unclear

Cryptocurrency prices tumble and exchange trading falters as snags crop up
News & Analysis

Cryptocurrency prices tumble and exchange trading falters as snags crop up

NEW YORK (Reuters) -The price of cryptocurrencies plunged and crypto trading was delayed on Tuesday, a day in which El Salvador ran into snags as the first country to adopt bitcoin as legal tender. Shares of blockchain-related firms also fell as crypto stocks were hit by trading platform outages. But the major focus was on El Salvador, where the government had to temporarily unplug a digital wallet to cope with demand.

Ford poaches Apple's car project chief Doug Field
News & Analysis

Ford poaches Apple's car project chief Doug Field

By Joseph White and Sanjana Shivdas (Reuters) -The head of Apple Inc's car project, Doug Field, is going to work for Ford Motor Co to lead the automaker's advanced technology and embedded systems efforts, a hiring coup for Ford Chief Executive Jim Farley.