No sooner was the news announced that President Donald Trump had reached an agreement with bipartisan leaders in Congress to lift spending caps and the debt ceiling, than rumors began swirling that hardline deficit hawks on Capitol Hill were discontented.
Several Republican politicians and officials noted to Fox News reporter Chad Pergram the broad sense of dissatisfaction with the deal, which authorizes far more spending than Republicans ever let President Barack Obama get away with and grows domestic spending in parity with defense spending:
A) There is consternation among many Republicans about the debt limit/spending deal…if it can pass, the state of pl… https://t.co/P6Nyf6r1FG— Chad Pergram (@Chad Pergram)1563929192.0
B) Multiple House Republicans have told Fox they are concerned that President Trump’s willingness to accept and sup… https://t.co/rBHPTbIRS7— Chad Pergram (@Chad Pergram)1563929208.0
C) “There is something in the wind,” said one senior House Republican member of Mr. Trump. “The (spending deal) may… https://t.co/6mWeQUwvec— Chad Pergram (@Chad Pergram)1563929229.0
D) 1 GOP mbr noted that several lower-tier mbrss of the Hse GOP brass won’t support the debt limit/spending package… https://t.co/MJnrmnkSpg— Chad Pergram (@Chad Pergram)1563929324.0
E) Some GOPers say Trump's willingness to back budget deal, coupled w/attacks on squad & language could start to co… https://t.co/EWQAn850H1— Chad Pergram (@Chad Pergram)1563929407.0
F) House Speaker Nancy Pelosi (D-CA) would not say if she had spoken to the GOP brass on how many Republicans could… https://t.co/CMtEPAKQXN— Chad Pergram (@Chad Pergram)1563929428.0
G) There is an old saying that house guests and fish start to stink after more than three days. Members from both s… https://t.co/fyiaQCiVb5— Chad Pergram (@Chad Pergram)1563929478.0
H) On the debt limit/spending pkg: “The concern that (the President) could back down,” said one senior Republican s… https://t.co/yDe6Pa5GbM— Chad Pergram (@Chad Pergram)1563929501.0
I) One Congressional source, jokingly suggested that Pelosi should put the debt limit/spending caps plan on the Hou… https://t.co/e0YxIsP0fY— Chad Pergram (@Chad Pergram)1563929532.0
While the president agreed to the terms, there is precedent for him backing out of legislative commitments at the last minute after a backlash from the right flank of his supporters. At the end of last year, he agreed to a funding bill, and then pulled out and shut down the government for 35 days after pro-Trump commentators like Sean Hannity and Laura Ingraham thundered that he was caving on the border wall. Then, as now, the discontent trickled into Fox News, which is what ultimately gave Trump cold feet.
The stakes in this fight, should Trump back out of this deal too, would be even higher. Breaching the debt ceiling would mean the United States is unable to repay all of its obligations on Treasury bonds, which could set off a global economic shockwave and undermine the security of American credit in the long term.