Trump says he supports 2-year bipartisan budget deal

Donald Trump.
(Image credit: Nicholas Kamm/AFP/Getty Images)

The White House and congressional leaders have reached a two-year budget deal that would raise spending caps by $320 billion and suspend the debt ceiling, President Trump announced on Twitter Monday evening.

"This was a real compromise to give another big victory to our Great Military and Vets!" he added. Congress still has to pass the deal, which would set spending levels through Sept. 30, 2022 and suspend the debt ceiling until July 31, 2021. The agreement was brokered between House Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steven Mnuchin.

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Catherine Garcia, The Week US

Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.