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Trump announces 'real compromise' on budget deal, as fiscal hawks and some Dems cry foul



The Trump administration and congressional leaders, including Democrats, have reached a critical debt and budget agreement that all but eliminates the risk of another government shut down this fall – but that has already drawn a fierce blowback from fiscal conservatives worried about overspending, as well as progressives unhappy with where the money could go.

The deal announced Monday, which requires congressional approval, would increase spending caps by $ 320 billion relative to the limits prescribed in the 2011 Budget Control Act, whose spending-control provisions have been repeatedly waived since 2014. It would also suspend the debt ceiling and allow more government borrowing until July 31

, 2021 – after the next presidential election.

The compromise reportedly outraged Democrat Sen. Patrick J. Leahy, the ranking member of the Senate Appropriations Committee, who noted the bill would not block Trump from spending money on his proposed border wall

"I'm worried the House is willing to give it too much discretion it takes money and move it anywhere he wants, including a wall, "Leahy, D-Vt., told The Washington Post. "

However, in a statement, Leahy later said he would" support the bill ", but he would not vote for it, because it will raise the debt limit for the next two years and will hinder the economic catastrophe and reverse the "unsustainable cuts in non-defense discretionary spending."

Leahy added, "I understand there is a statement of principles between congressional leaders and the White House, and I have many concerns with its content. "

In the end, domestic programs would on average receive a 4-percent increase in the first year of the pact, with much of those gains eaten by veterans increasing and an unavoidable surge for the US Census. Defense would jump to $ 738 billion next year, and a 3 percent hike.

In response, North Carolina GOP Rep will retain the flexibility to transfer money between accounts, raising the possibility of attempted transfers for building border barriers. . Mark Walker tweeted out a picture of the Joker lighting and a pile of money on fire, from the 2008 "Batman" movie "The Dark Knight." ("All you care about is money," the Joker laments a hardened crime criminal as the money burns.)

Kentucky Sen. Rand Paul, a Republican, called the deal a "huge mistake" because it gets rid of automatic spending cuts.

"It scraps the sequester, which is a huge mistake," Paul told Fox News. "

WATCH: RAND PAUL TALKS ABOUT THE IMPACT OF ALL THAT GOVERNMENT SPENDING

But Georgia Republican Sen." It would be a huge mistake if the Republican leadership agrees to this. David Perdue told Fox News that the sequestration spending caps "never fulfilled their mission," in part because Congress consistently waived them

"It would be a huge mistake if the Republican leadership agrees to this." Rand Paul, R-Ky

"I would blow them up," Perdue said. "

Texas Republican Rep. John Cornyn told Fox News, "I wish we could address the debt and deficit reduction."

Despite the mixed reception on Capitol Hill, the president and top congressional leaders were ebullient about the deal

"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 tweeted

He added:" This was a real compromise in order to give another great victory to our Great Military and Vets! statement, Pelosi, D-Calif., and Schumer, DN.Y., said the compromise deal will "enhance our national security and invest in middle class."

"Democrats are also pleased to have secured robust funding for critical domestic priorities in this agreement, "they said." Democrats have and we are pleased that our increase in non-defense budget authority exceeds the number of defenses 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. "

McConnell, for his part, said he" commended "Trump for the deal through. I am very encouraged that the administration and Speaker Pelosi have reached a two-year funding agreement that secures the resources we need to keep rebuilding our armed forces, "McConnell, R-Ky., said:" This was our top objective: the readiness of our armed forces and modernize our military to deter and defend against growing threats to our national security. That includes investing in our facilities here at home, like Ft. Knox, Ft. Campbell, and the Blue Grass Army Depot, which my state of Kentucky is proud to host. "

Democrats celebrated that, under the new deal, the domestic, non-military budget receives larger increases than the defense budget when compared to last year's Democrats also lauded the deal's allocation of $ 2.5 billion for the 2020 Census, following the fierce battle over adding a citizenship question to the survey

TRUMP ANNOUNCES EXECUTIVE ORDER TO COUNT ILLEGAL IMMIGRANTS, 'NOT BACKING DOWN' AFTER LEGAL DEFECTS CENSUS

The deal also comes as budget deficits have risen to $ 1 trillion levels – requiring the government to borrow a quarter for every dollar the government spends – despite the thriving economy and three rounds of annual Trump budget Pelosi has been defending

It seems ignored warnings from fiscal conservatives saying the nation's spending has been u "This agreement is a total abdication of fiscal responsibility by the Congress and the President," said Maya MacGuineas, chairman of the Committee for a Responsible Federal Budget, and the Washington advocacy group.

"It may be the worst budget agreement in our nation's history, proposed at a time when our fiscal conditions are already precarious."

Prospects for an agreement, a month-long priority of McConnell's, came far brighter when Pelosi returned to Washington this month, and aggressively pursued the pact with Treasury Secretary Steven Mnuchin, who was the chief negotiator instead of more conservative options such as acting White House Chief of Staff Mick Mulvaney or hardline Budget Director Russell Vought

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Mnuchin was said to have been eager to avert a crisis over the government's debt limit. There was a risk of a first-ever U.S. (19650034) Fox News' Chad Pergram and The Associated Press


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