Schumer, Pelosi Joint Statement On Budget Caps Agreement

Washington, D.C. – Today, Senate Democratic Leader Chuck Schumer and Speaker Nancy Pelosi released the following statement after the four Congressional leaders and President Trump reached a budget caps agreement:

“Today, a bipartisan agreement has been reached that will enhance our national security and invest in middle class priorities that advance the health, financial security and well-being of the American people.

“Importantly, Democrats have achieved an agreement that permanently ends the threat of the sequester.  We are pleased that the Administration has finally agreed to join Democrats in ending these devastating cuts, which have threatened our investments to keep America Number One in the global economy and to ensure our national security.  With this agreement, we strive to avoid another government shutdown, which is so harmful to meeting the needs of the American people and honoring the work of our public employees. 

“Democrats are also pleased to have secured robust funding for critical domestic priorities in this agreement.  Democrats have always insisted on parity in increases between defense and non-defense, and we are pleased that our increase in non-defense budget authority exceeds the defense number by $10 billion over the next two years.  It also means Democrats secured an increase of more than $100 billion in funding for domestic priorities since President Trump took office. 

“We must never let the full faith and credit of the United States come under threat, and therefore are proud to have achieved a suspension of the debt limit until July 31, 2021.  After a long negotiation, we have only agreed upon offsets that were part of an earlier bipartisan agreement.

“The House will now move swiftly to bring the budget caps and debt ceiling agreement legislation to the Floor, so that it can be sent to the President’s desk as soon as possible.  With this agreement, we can avoid the damage of sequestration and continue to advance progress for the people.”  

Additional Resources: 

Bipartisan Leadership Agreement 

Bipartisan Budget Agreement Table

Bipartisan Budget Agreement One Pager

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