nancy-pelosi

Debt deal moving forward with key GOP, Democratic support
Fiscal hawks blast agreement: ‘Washington has all but abandoned economic sanity’

Treasury Secretary Steven Mnuchin arrives to attend the Senate Republican policy lunches in the Capitol on Tuesday. (Tom Williams/CQ Roll Call)

Updated 7:10 p.m. | Treasury Secretary Steven Mnuchin visited Senate Republicans Tuesday to try to shore up support for a two-year spending caps and debt limit accord, amid bipartisan concern over tacking another $324 billion onto deficits — a figure that could more than quintuple when spread out over a decade.

Mnuchin sought to reassure Republicans at their weekly policy lunch that President Donald Trump in fact supports the deal he reached Monday with Speaker Nancy Pelosi, according to Senate Appropriations Chairman Richard C. Shelby and others.

Finance drug price bill faces GOP resistance before markup
Proposals target Medicare drug prices

Senate Finance Chairman Charles E. Grassley, R-Iowa, on Tuesday offered a details on a drug price bill. (Bill Clark/CQ Roll Call file photo)

The Senate Finance Committee on Tuesday outlined a long-anticipated drug price bill, but a planned Thursday markup may not go smoothly because of Republican discontent with the measure.

The bill is meant to slow the growth of Medicare’s prescription drug spending, limit cost-sharing for Medicare beneficiaries, and make it easier for state Medicaid programs to pay for expensive treatments, according to a summary.

Trump, Democrats split differences in two-year budget deal
Negotiators are still working on some ‘technical language’ issues

Treasury Secretary Steven Mnuchin has been updating President Donald Trump on talks between him and Speaker Nancy Pelosi on a potential deal on spending caps and the debt limit. (Tom Williams/CQ Roll Call file photo)

Updated 4:15 p.m. | The White House and congressional leaders are close to unveiling a spending and debt limit deal that would boost funding levels by nearly 4 percent across federal agencies, wiping out the 10 percent cuts that were scheduled to take effect under current law.

According to sources familiar with the proposal, the deal calls for a topline defense figure of $738 billion in fiscal 2020, or slightly higher than the House Democrats’ initial request for $733 billion, but short of the Trump administration’s $750 billion request, which includes cap-exempt accounts for troops serving in conflict zones overseas.

White House offers up extensive menu of cuts for spending caps deal
The administration wants at least $150 billion in savings

Speaker Nancy Pelosi is leading the talks for her side of the aisle. (Photo By Bill Clark/CQ Roll Call)

The Trump administration has laid out a wide array of spending cuts and tweaks to mandatory programs for Democratic leaders to consider for inclusion in a two-year discretionary caps and debt limit package.

The White House offsets menu includes $574 billion culled from items in President Donald Trump’s fiscal 2020 budget request, according to a source familiar with the proposal. In addition, there’s $516 billion in “structural reforms” obtained by extending current discretionary spending limits by another two years, through fiscal 2023.

Rep. Cleaver: ‘Forget’ Trump's tweets... ‘We can't continue to react to this’
Missouri Democrat abandoned House presiding chair amid partisan bickering over vote to condemn Trump’s racist tweets

Democratic Rep. Emanuel Cleaver abandoned the presiding chair of the House Tuesday amid partisan bickering over a resolution to condemn President Donald Trump’s racist tweets against four Democratic congresswomen. (Bill Clark/CQ Roll Call file photo)

A day after Rep. Emanuel Cleaver abandoned his post presiding over House proceedings in frustration over bickering between Republicans and Democrats, the Missouri Democrat urged lawmakers and the American people to ignore President Donald Trump’s online antics as he “tweets away his presidency.”

“We can’t continue to react to this,” Cleaver said Wednesday on CNN’s “New Day” about the chaos that ensued as Democrats tried to hold a vote to condemn racist tweets the president posted over the weekend attacking four minority female congresswomen.

House Speaker Nancy Pelosi and Rep. Alexandria Ocasio-Cortez to meet one-on-one
A rift between Pelosi and Ocasio-Cortez has deepened in recent weeks

Rep. Alexandria Ocasio-Cortez, D-N.Y., center, and Speaker Nancy Pelosi, D-Calif., left, pose for a group photo of House Democrats in the Capitol Visitor Center, at the State of the Union address earlier this year. (Tom Williams/CQ Roll Call file photo)

Pelosi, Mnuchin appear close to spending caps, debt limit deal
Agreement would likely include a two-year extension of the debt limit and spending levels

Pelosi reiterated Tuesday her view that in addition to "parity" for nondefense and defense spending increases, funding should be added for Department of Veterans Affairs health care. (Photo By Bill Clark/CQ Roll Call)

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are close to making an announcement about spending caps and the debt limit.

“We have a clear understanding of what we want to agree to, and I think that's progress,” Pelosi said Tuesday afternoon after speaking with Mnuchin, who was preparing to leave Wednesday for the G-7 meeting in France. “We'll have an announcement about something soon, one way or the other.”

House floor erupts into chaos after Nancy Pelosi remarks criticizing Trump
Cleaver sets down gavel after lamenting members just want to fight

Rep. Emanuel Cleaver III abandoned the House floor Tuesday after a parliamentary skirmish (Screenshot, C-SPAN)

McCarthy pitches monthlong debt ceiling stopgap, if deal can’t be reached
He suggested a 30-day extension to avoid default in early September, if a compromise on discretionary spending caps can’t be reached

House Minority Leader Kevin McCarthy, R-Calif., is floating a fallback plan to pass a 30-day extension of the debt limit in the absence of a broader deal before the August recess. (Bill Clark/CQ Roll Call file photo)

The House’s top Republican suggested that lawmakers pass a 30-day extension of the debt ceiling to avoid default in early September, if Democrats and the White House can’t agree on compromise discretionary spending caps before leaving for the summer break.

“We should not leave for August without dealing with that. And I would say if we can’t get this done, we should do a 30-day [stopgap],” McCarthy told reporters Tuesday. He also said lawmakers ought to stay in town a few days past July 26, when House lawmakers are currently scheduled to leave town, if necessary. The Senate is slated to be in session for an extra week.

Capitol Ink | @realDonaldTrump