Home Headlines Trump Announces the federal budget rising by $320 billion

Trump Announces the federal budget rising by $320 billion


Seems like the hard times are near for the whole America as the two-year budget is about to get pretty rough for the whole country. As per the news so far, the White House and congressional negotiators reached an agreement which states that the country may face a rise in budget spending by $320 billion over the current assets due to which the government has to keep on lending the resources. If the accords are signed by the president after getting a green signal by the Congress, the new budget may recover the previous debts by the fall of this year which will also allow to them to spend more on the development by the next year.

Image Courtesy: Vox

“I am pleased to announce that a deal has been struck with Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, Speaker of the House Nancy Pelosi, and House Minority Leader Kevin McCarthy — on a two-year Budget and Debt Ceiling, with no poison pills,” Mr. Trump announced on Twitter. “This was a real compromise in order to give another big victory to our Great Military and Vets!” The pressure on both of the chamber is rising after the statement made by Stephanie Grisham who is the White House press secretary along with the tweet made by President Trump. The accords were highly criticized and negotiated by the House Speaker Nancy Pelosi and Treasury Secretary Steven.

They were up to the negotiation over the terms made in the Budget Control Act of 2011. David M. McIntosh, the president of the Club for Growth, a conservative group that advocates free enterprise made a statement which states, “It’s pretty clear that both houses of Congress and both parties have become big spenders, and Congress is no longer concerned about the extent of the budget deficits or the debt they add.”