July 22, 2019 / 9:58 PM / 2 months ago

Trump says deal reached on spending, debt limit

U.S. President Donald Trump answers reporters questions while meeting with Pakistan’s Prime Minister Imran Khan in the Oval Office at the White House in Washington, U.S., July 22, 2019. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) - President Donald Trump said on Monday a two-year deal had been reached with congressional leaders to raise the Treasury Department’s borrowing authority and to set budget spending caps.

“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,” Trump said on Twitter.

Reporting by Eric Beech; Editing by David Alexander

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