WASHINGTON (AP) - The era of trillion-dollar budget deficits is about to make a comeback - and a brewing budget deal could mean their return comes just next year. In the meantime, House GOP leaders are grappling with the need to pass legislation to avert another government shutdown at midnight on Thursday.
Talks on a budget-busting spending pact that would give whopping increases to both the Pentagon and domestic programs continued over the weekend in hopes of an agreement this week, aides and lawmakers said.
House GOP leaders scheduled a closed-door session Monday evening to brief Republican lawmakers on a strategy to pass a stopgap funding bill that could last up to six weeks to buy time for progress in implementing any budget pact and, perhaps, enacting legislation sought by Democrats on immigration. Republicans are scrambling to pass the measure through the House since they can’t count on support from Democrats to advance the legislation.
GOP defense hawks are prevailing over the party’s depleted ranks of deficit hawks while Democrats leverage their influence to increase spending for domestic priorities such as combating opioid misuse.
Details are closely held and subject to change. But at issue is a two-year deal to increase crunching caps on spending set by a failed 2011 budget deal. Republicans have pushed for defense increases in the neighborhood of $80 billion a year and have offered Democrats nearly as much - $60 billion or so per year - for nondefense programs.
Add in $80 billion to $90 billion worth of hurricane aid for Texas, Florida and Puerto Rico, health care funding and money for President Donald Trump’s border security plan, and the final tally could total close to $400 billion. The potential cost, over the 2018-19 budget years, would rival the deficit impact of last year’s tax measure over that period.