A looming battle between President Donald Trump and Democrats over government spending and the debt limit could make the 35-day government shutdown look like a blip.

A series of budget deadlines converge in the coming months that could leave Washington on the precipice of another shutdown, $100 billion in automatic spending cuts and a full-scale credit crisis. And lawmakers are openly worried about stumbling over the edge.

“It could all go terribly wrong,” House Budget Committee Chairman John Yarmuth (D-Ky.) said.Some top Democrats have begun quietly pushing for a grand bargain to simultaneously raise the debt ceiling and Congress’ stiff budget caps — avoiding market turmoil and staving off harsh cuts to domestic and defense programs, according to multiple lawmakers and aides.

[Read more]

LEAVE A REPLY

Please enter your comment!
Please enter your name here