February 7, 2018 / 4:23 PM / in 3 months

Senate eyes deal to raise budget caps by $300 billion over two years: CNBC

WASHINGTON (Reuters) - U.S. Senate negotiators are considering a deal that would raise budget caps by $300 billion over two years, CNBC reported on Wednesday, citing unidentified sources.

Senator Roy Blunt (R-MO), Senate Majority Leader Mitch McConnell (R-KY), Senator John Barrasso (R-WY) and Senator Cory Gardener (R-CO) attend a news conference on Capitol Hill in Washington, U.S., February 6, 2018. REUTERS/Joshua Roberts

The agreement would include hikes in military spending and slightly smaller increases for domestic programs, it said. The deal was expected to be outlined on the Senate floor at noon, NBC reported, citing a senior Democratic aide.

Reporting by Doina Chiacu

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