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Aug. 2, 2019, 1:18 p.m. EDT

Trump signs spending and debt bill into law

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By Victor Reklaitis

President Donald Trump on Friday signed into law a bill that raises federal spending and at the same time lift the government's borrowing limit, the White House said. The bill was the result of weeks of negotiations between Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi. It suspends the debt ceiling until the end of July 2021 and sets spending levels roughly $320 billion above limits set in a 2011 law.

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