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Trump administration, Congress agree on spending levels: Mnuchin

July 18, 2019 / David Lawder

U.S. Treasury Secretary Steven Mnuchin said on Thursday that the Trump administration and congressional leaders have agreed on broad spending levels for the next two fiscal years, but House Speaker Nancy Pelosi would not confirm there was a deal. Mnuchin said he hoped Congress could pass a comprehensive spending package including a debt limit hike before lawmakers August recess to avoid cash flow problems that could begin in early September.