The U.S. Senate sent the president a $2.7 trillion budget plan with roughly $45 billion more in military funding over two years, despite complaints from fiscal conservatives the measure would raise the federal deficit.
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have reached a “near-final agreement” on a two-year budget deal that has increases for defense and domestic top lines.
Lawmakers returning to Washington, D.C., this week are in a race against the clock to reach a budget deal to ease statutory spending caps and avoid a government shutdown starting Oct. 1.
Lead Democrats have proposed a bill to raise statutory budget caps for two years, with $733 billion for defense in FY20 — but it’s likely to spark a fight with the White House.