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White House Predicts Congress Will Approve Government Financing Deal

Ken Bredemeier

   The White House predicted Tuesday that Congress would approve a
   critical new agreement restoring the government's ability to pay its
   bills for the next two years by suspending the country's debt ceiling
   and at the same time setting annual spending limits through 2021.

   "I think it's a deal that will get through," said White House economic
   adviser Larry Kudlow. "I think people are signing on. Democrats and
   Republicans. It isn't everything we hoped for, but it got through the
   debt ceiling. That's so important, we're not going to default on
   American securities."

   The agreement reached Monday between President Donald Trump and top
   Republican and Democratic congressional leaders is likely to avert
   another partial government shutdown like the 35-day standoff that
   shuttered many operations late last year and into January. But
   contentious spending issues on specific items could still emerge in the
   days before 2019 budgets for government agencies expire at the end of
   September.

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