WASHINGTON: Speaker Nancy Pelosi said the Democratic-controlled House won’t pass must-do legislation to increase the government’s borrowing cap until the Trump administration agrees to boost spending limits on domestic programs.
The California Democrat said she’ll agree to increase the so-called debt ceiling, which is needed to avoid a market-cratering default on U.S. government obligations this fall. But she said she’ll do so only after President Donald Trump agrees to lift tight “caps” that threaten both the Pentagon and domestic agencies with sweeping budget cuts.
Pelosi told reporters Thursday that “when we lift the caps then we can talk about lifting the debt ceiling.”
Her remarks came as bipartisan negotiations to increase the spending limits have sputtered, though Treasury Secretary Steven Mnuchin (mih-NOO’-shin) met with Senate Republicans Wednesday on strategy.
An-Nahar is not responsible for the comments that users post below. We kindly ask you to keep this space a clean and respectful forum for discussion.