President TrumpDonald John TrumpChelsea Clinton announces birth of third child Ukrainian officials and Giuliani are sharing back-channel campaign information: report Trump attacks ‘the Squad’ as ‘racist group of troublemakers’ MORE announced on Monday that Congress and the White House had reached a two-year budget deal after days of furious negotiating.

The agreement, spearheaded by House Speaker Nancy PelosiNancy PelosiPelosi, Mnuchin reach ‘near-final agreement’ on budget, debt ceiling Wendy Davis launches bid for Congress in Texas Steyer calls on Pelosi to cancel ‘six-week vacation’ for Congress MORE (D-Calif.) and Treasury Secretary Steven MnuchinSteven Terner MnuchinPelosi, Mnuchin reach ‘near-final agreement’ on budget, debt ceiling Don’t let budget talks threaten Medicare Part D The Hill’s Morning Report — Mueller Time: Dems, GOP ready questions for high-stakes testimony MORE, sets the top-line numbers for overall defense and nondefense spending for fiscal 2020 and 2021. It would also suspend the debt ceiling through July 2021.

“I am pleased to announce that a deal has been struck with Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellThe Hill’s Morning Report — Mueller Time: Dems, GOP ready questions for high-stakes testimony Election security to take back seat at Mueller hearing McConnell challenger faces tougher path after rocky launch MORE, Senate Minority Leader Chuck SchumerCharles (Chuck) Ellis SchumerTrump says he will meet with Schumer ‘ASAP’ after border visit Dem senator describes ‘overcrowded quarters,’ ‘harsh odor’ at border facilities Top Democrats demand security assessment of Trump properties MORE, Speaker of the House Nancy Pelosi, and House Minority Leader Kevin McCarthyKevin Owen McCarthyThe Hill’s Morning Report: Trump walks back from ‘send her back’ chants History in the House: Congress weathers unprecedented week EU official in Canada says he feels ‘at home’ there because no one was shouting ‘send him back’ MORE — on a two-year Budget and Debt Ceiling, with no poison pills,” Trump tweeted.

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It’s a significant win for Mnuchin and Pelosi, who have spoken several times over the past two weeks, as well as for Senate Majority Leader Mitch McConnell (R-Ky.), who took a back seat in the talks but has been pushing the White House to accept a two-year deal.

It also includes enough sweeteners for both sides to cherry-pick what they’ll claim victory on, including a bump in defense spending, considered a top priority for Republicans, and the domestic priorities touted by Democrats.

“This was a real compromise in order to give another big victory to our Great Military and Vets!” Trump added in a follow-up tweet.

Trump didn’t offer any details in his tweets on what the spending levels would be for the next two fiscal years.

According to Democratic aides, the topline for defense spending would be $738 billion and $740 billion for the 2020 and 2021 fiscal years, respectively. Non-defense spending would be $632 billion for fiscal 2020 and $634.5 billion for fiscal 2020. 

“A bipartisan agreement has been reached that will enhance our national security and invest in middle class priorities and well being of the American people,” Pelosi and Senate Minority Leader Charles SchumerCharles (Chuck) Ellis SchumerTrump says he will meet with Schumer ‘ASAP’ after border visit Dem senator describes ‘overcrowded quarters,’ ‘harsh odor’ at border facilities Top Democrats demand security assessment of Trump properties MORE (D-N.Y.) said in a joint statement. 

“The House will now move swiftly to bring the budget caps and debt ceiling agreement legislation to the floor, so that it can be sent to the president’s desk as soon as possible,” they added.

The totals are significantly different than Trump’s fiscal 2020 request, which had topline defense at $750 billion and $567 billion in non-defense. The totals are higher than the current fiscal year 2019 levels, which were $716 billion for defense and $620 billion for non-defense. 

But a source familiar with the negotiations said the agreement includes “strong language” on preventing poison-pill riders, or provisions that would be non-starters for either parties; more than $20 billion for the VA Mission Act under the budget caps; and $77 billion in offsets to help pay for the agreement. Each of the provisions are likely to be cited as wins by Republicans. 

“I am glad the administration and Speaker Pelosi have reached a two-year funding agreement that secures the resources we need to continue rebuilding our armed forces. The next step is for the House and the Senate to pass this agreement so that President Trump can sign it into law,” McConnell tweeted. 

Democrats, meanwhile, pointed specifically to money for the Census. A senior Democratic aide said they secured $2.5 billion “to help ensure everyone is counted.”

The deal also includes new opioid epidemic funding, an increase in the National Institute of Health budget and additional money for the Child Care Development Block Grant, according to the aide. 

—Juliegrace Brufke contributed. Updated at 6:44 p.m.

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