Congressional leaders and the Trump administration finished a round of budget talks with no resolution.
Congressional leaders and the Trump administration finished a round of breakneck budget talks on Tuesday with no resolution but a commitment to keep negotiatingAfter meeting for two hours on Tuesday morning in Speaker Nancy Pelosi's office, Senate and House leaders left a second round of discussions in Senate Majority Leader Mitch McConnell's suite still hung up on how much domestic spending will be part of a two-year budget deal and whether new spending will be offset by new revenues...
By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time.both the budget caps and the debt ceiling Congressional leaders are all eager to avoid a series of automatic spending cuts known as sequestration that will take place without a new budget deal. While Schumer and Pelosi want to stop $55 billion in potential domestic spending cuts, McConnell and McCarthy are worried about $71 billion in defense cuts.
Though McConnell asserted after a party lunch with Vice President Mike Pence that it appears "everybody" wants a deal to raise spending caps, Schumer was more cautious on the outlook for an agreement. McConnell courted Trump privately about the need to reach an agreement last week, and Schumer warned that nothing is final until Trump formally endorses any potential deal.
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