Trump Signs Two-Year Deal on Spending, Debt Limit

President Donald Trump on Friday signed into law a $2.7T budget deal that would raise the government’s borrowing limit and increase federal spending over two years, Federal Times reported Friday.

The signing came a day after the Senate voted 67-28 to pass the deal that would increase defense spending from $176B this year to $738B in 2020 to $740B in 2021.

The report said the measure sets an annual $1.37T limit on congressionally approved agency budgets and seeks to prevent a government shutdown in October and end automatic spending cuts.

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