Senate Minority Leader Chuck Schumer, D-New York, and House Minority Leader Nancy Pelosi, D-Pelosi, released a statement about the agreement that was made during a meeting with GOP leaders and the president at the White House Wednesday.
"In the meeting, the President and Congressional leadership agreed to pass aid for Harvey, an extension of the debt limit, and a continuing resolution both to December 15, all together", Schumer and Pelosi said in a statement after the meeting.
Treasury Secretary Steven Mnuchin has urged lawmakers to raise the debt ceiling by the end of September to ensure that the government has enough cash to pay its bills on time. "That will include the debt ceiling, that will include the CRs, and it will include Harvey".
Political observers have long wondered whether the president-who has supported Democratic candidates in the past and has had a contentious relationship with his own party-might find a way to start making deals with the opposition. A senior Democratic source conceded to CNN that Republicans are right, which is why Democratic leaders united before the White House meeting on demanding only a three-month extension for the debt ceiling along with hurricane funding.
"No one wants to revisit this", said Rep. Chris Collins (R-N.Y.), who also acknowledged that Senate Democrats have significant leverage to force concessions: "We going to have to do what we have to do".
The White House insisted that the move would allow Congress and the administration to focus on other important legislative priorities.
The Leader of ISIS is Still Alive
Some intelligence indicates Islamic State leader Abu Bakr Al-Baghdadi remains alive , Operation Inherent Resolve commander Lt. Despite a $25m bounty on his head, Iraq-born Baghdadi has avoided all efforts to hunt him down for more than six years.
Other people familiar with the meeting said Trump and congressional leaders had a prolonged discussion on how long to extend the debt limit, and after Democrats rejected GOP leaders' proposed 18-month and six-month extensions, eventually the president said he agreed with Democrats on a three-month plan.
"It's very clear that the majority of our members feel like attaching the debt ceiling, a clean debt ceiling, without structural reforms to Harvey relief is not something that they would support", HFC Chairman Mark Meadows told reporters Tuesday after a caucus meeting.
Senator Ben Sasse, a Nebraska Republican, was quick to denounce the "Pelosi-Schumer-Trump deal".
Earlier in the day, Speaker Paul Ryan scoffed at the idea of a three-month debt limit increase.
The U.S. House voted Wednesday to fund nearly $8 billion for Hurricane Harvey relief, with full support from the Texas delegation.
The House is trying to act quickly to pass President Donald Trump's request for a $7.9 billion first installment of Harvey relief. Failure to increase the debt limit could cause the government to miss payments to bondholders and result in a default on government debt. But while the Democratic offer could make up for lost conservative votes, it would mean revisiting the debt-ceiling debate in just three months, an option some lawmakers want to avoid.
"Nothing can really capture just how big and wide this devastation is", Ryan said prior to the vote on the need for immediate relief funding.