White House pushes Congress to strike deal as Treasury could run out of cash faster
The White House is pushing congressional leaders to strike a spending deal and increase the debt limit in the next two or three weeks, jolted by a recent report that found the Treasury Department was running out of cash much faster than previously forecasted.
But the talks have bogged down amid acrimony between Democrats and the White House, and now Washington’s leaders run the risk of a fiscal pileup that could also imperil President Trump’s effort to update the North American Free Trade Agreement.
White House officials have said the...