President Trump Signs Harvey Relief Package Into Law

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On Friday, President Donald Trump signed a law both extending the debt limit for three months and providing more than $15 billion in funding for Hurricane Harvey relief.

The bill passed the Senate on Thursday and the House of Representatives on Friday. Both chambers overwhelmingly approved the package, although House Speaker Paul Ryan (R-Wis.) opposed the deal Trump struck with Democrats to extend the debt limit for three months.

As was previously reported, the debt ceiling may disappear after that three-month time frame if Trump and Senate Minority Leader Chuck Schumer (D-N.Y.) get their way.

Those two reportedly agreed to pursue a repeal of the debt ceiling, something that would seem to fit the White House’s stated goal of finding a permanent solution and avoid partisan politics that typically erupts when the limit needs renewal.

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