Why Trump swallowed a budget deal that bleeds red ink

Why Trump swallowed a budget deal that bleeds red ink-politico: Trump looked to his friend and Treasury secretary Steven Mnuchin to work with Pelosi and McConnell to strike a budget deal that avoids another risky spending fight until after the 2020 election.

Trump, Democrats clinch two-year budget deal

Trump, Democrats clinch two-year budget deal-thehill: President Trump and Speaker Nancy Pelosi (D-CA) 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 Steven Mnuchin, sets the top-line numbers for overall defense and nondefense spending for fiscal 2020 and 2021.

Democrats say White House offer on budget deal has 'nonstarters'

Democrats say White House offer on budget deal has 'nonstarters'-politico: Democrats said there are "nonstarters" in a new White House offer that includes $1.1 trillion in options to offset spending increases in a two-year spending agreement that would raise the budget caps and hike the debt limit. The Trump administration’s demand to offset the spending increases represents a significant hurdle to finalizing a deal, with the administration seeking at least $150 billion in cuts.

Mnuchin says deal reached on overall spending levels

Mnuchin says deal reached on overall spending levels-politico: The Trump administration and congressional leaders have “reached an agreement“ on overall spending levels in a two-year deal to raise the budget caps, in addition to settling on a two-year debt limit increase, Treasury Secretary Steven Mnuchin said Thursday morning.

Mnuchin: Parties moving closer on debt limit, spending caps

Mnuchin: Parties moving closer on debt limit, spending caps-rollcall: Treasury Secretary Steven Mnuchin said Monday that White House and congressional leaders are “getting closer” to a deal that would raise austere spending caps as well as the statutory debt ceiling. Mnuchin told reporters at a briefing on cryptocurrency regulation that he planned to speak with House Speaker Nancy Pelosi, D-CA, later Monday. The two have been having regular conversations since last week, including a Saturday phone call.