SPONSORED:

On The Money: Lawmakers strike spending deal | US, China reach limited trade deal ahead of tariff deadline | Lighthizer fails to quell GOP angst over new NAFTA

On The Money: Lawmakers strike spending deal | US, China reach limited trade deal ahead of tariff deadline | Lighthizer fails to quell GOP angst over new NAFTA

Happy Thursday and welcome back to On The Money, where we're getting ready to hibernate after next week. I'm Sylvan Lane, and here's your nightly guide to everything affecting your bills, bank account and bottom line.

See something I missed? Let me know at slane@thehill.com or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N.

Write us with tips, suggestions and news: slane@thehill.com, njagoda@thehill.com and nelis@thehill.com. Follow us on Twitter: @SylvanLane, @NJagoda and @NivElis.

ADVERTISEMENT

 

THE BIG DEAL--Lawmakers strike spending deal to avert shutdown: Lawmakers reached a deal in principle Thursday on 12 annual spending bills to fund the government and avoid a shutdown.

Appropriators reached agreement on a number of contentious issues, including how to fund President TrumpDonald TrumpSunday shows preview: House GOP removes Cheney from leadership position; CDC issues new guidance for fully vaccinated Americans Navajo Nation president on Arizona's new voting restrictions: An 'assault' on our rights The Memo: Lawmakers on edge after Greene's spat with Ocasio-Cortez MORE's proposed border wall.

"We had a very good meeting, and there's a meeting of the minds, and we're going to look through some of the details, but I feel confident that we're going to have a product very shortly," House Appropriations Chairwoman Nita LoweyNita Sue LoweyLobbying world Progressives fight for leverage amid ever-slimming majority Biden needs to tear down bureaucratic walls and refocus Middle East programs MORE (D-N.Y.) said following days of negotiations.

The Hill's Niv Elis breaks it down here.  

 

ADVERTISEMENT

LEADING THE DAY

US, China reach partial trade deal: The U.S. and China on Thursday reached a partial trade agreement that includes scrapping tariffs set to go into effect on Sunday, according to a source familiar with the matter.

Further specifics of the limited deal were not immediately clear, and it must still be signed by President Trump and leaders in Beijing.

A statement from the White House was expected at some point Thursday evening, according to an official. The White House declined to comment.

The timing: The agreement, which was first reported by Bloomberg News, comes just days before tariffs on roughly $160 billion on Chinese goods — including cellphones, video games and certain toys — were set to increase.

Trump originally delayed those tariffs in August, saying the tariffs would go into effect Dec. 15.

What's next: The deal does not appear to address structural changes to Beijing’s economy that Trump’s White House has pushed for since the president first imposed tariffs more than a year ago, meaning the United States and China will continue negotiations in search of a broader agreement.

The politics: Even an initial deal with China, though, would deliver a win for Trump on one of his marquee issues and would come just two days after Speaker Nancy PelosiNancy PelosiIncreasingly active younger voters liberalize US electorate Sunday shows preview: House GOP removes Cheney from leadership position; CDC issues new guidance for fully vaccinated Americans The Memo: Lawmakers on edge after Greene's spat with Ocasio-Cortez MORE (D-Calif.) said the House would take up the United States-Mexico-Canada Agreement (USMCA), another priority for the president.

The Hill's Brett Samuels and Morgan Chalfant have more on the deal here.

 

Lighthizer fails to quell GOP angst on Trump's new NAFTA: U.S. Trade Representative Robert LighthizerBob LighthizerWhiskey, workers and friends caught in the trade dispute crossfire GOP senator warns quick vote on new NAFTA would be 'huge mistake' Pelosi casts doubt on USMCA deal in 2019 MORE faced pushback and a "bucket full" of questions Thursday during a closed-door caucus lunch meeting meant to sell Senate Republicans on the new trade deal with Canada and Mexico.

Republican senators stressed that they expect the U.S.-Mexico-Canada Agreement (USMCA) will have the votes to pass the Senate but acknowledged there was still opposition within the caucus and broader frustration with how the trade negotiations had been handled.

ADVERTISEMENT

The Hill's Jordain Carney takes us there.

The bottom line: It's hard to see a situation where Republicans kill one of Trump's top legislative priorities, even if it goes against the party's traditional views on trade. Republicans know where Trump stands on trade and have been reluctant to even curb the most unpopular of his tariffs. 

 

House passes bill that would give legal status to thousands of undocumented farmworkers: The House on Wednesday passed a bill granting legal status to thousands of undocumented farmworkers.

The legislation to provide work permits for agricultural workers was approved on a bipartisan 260-165 vote.

After months of closed-door bipartisan negotiations, the Farm Workforce Modernization Act  was introduced in late October by Reps. Mario Diaz-BalartMario Rafael Diaz-BalartBottom line GOP lawmakers ask Biden administration for guidance on reopening cruise industry The Hill's Morning Report — Presented by Facebook — Biden delivers 100 million shots in 58 days, doses to neighbors MORE (R-Fla.), Zoe LofgrenZoe Ellen LofgrenCapitol Police watchdog calls for boosting countersurveillance This week: Congressional leaders to meet with Biden amid GOP reckoning Capitol Police watchdog back in spotlight amid security concerns MORE (D-Calif.), Dan NewhouseDaniel (Dan) Milton NewhouseRepublicans who backed Trump impeachment see fundraising boost Overnight Energy: Progressives fear infrastructure's climate plans won't survive Senate | EPA to propose vehicle emissions standards by July's end | Poll shows growing partisan divide on climate change House Republicans who backed Trump impeachment warn Democrats on Iowa election challenge MORE (R-Wash.), Collin PetersonCollin Clark Peterson Progressives fight for leverage amid ever-slimming majority Six ways to visualize a divided America On The Trail: The political losers of 2020 MORE (D-Minn.), Jimmy PanettaJames Varni PanettaHillicon Valley: Parler app risks charges of selling out with Apple return | Justices hear First Amendment clash over cheerleader's Snapchat | Google pressed to conduct racial equity audit Lawmakers introduce legislation to create civilian reserve program to fight hackers To encourage innovation, Congress should pass two bills protecting important R&D tax provision MORE (D-Calif.), Mike SimpsonMIchael (Mike) Keith SimpsonOvernight Energy: Biden reportedly will pledge to halve US emissions by 2030 | Ocasio-Cortez, Markey reintroduce Green New Deal resolution House passes bills providing citizenship path for Dreamers, farmworkers Marjorie Taylor Greene's delay tactics frustrate GOP MORE (R-Idaho) and Doug LaMalfaDouglas (Doug) LaMalfaGrowing number of lawmakers test positive for COVID-19 after Capitol siege READ: The Republicans who voted to challenge election results Interior ends endangered species protections for gray wolves MORE (R-Calif.).

ADVERTISEMENT
  • Under the proposal, the H-2A visa category for agricultural workers would be reformed to add flexibility for employers bringing in new foreign labor.
  • The bill would allow foreign workers who've worked in the U.S. agricultural sector for at least 180 days over the past two years to request five-year visas for themselves, their spouses and their minor children.

 

GOOD TO KNOW

 

ODDS AND ENDS

  • A business-backed trade group established to support President Trump's United States-Mexico-Canada Agreement (USMCA) has backed off from taking a position on the deal following compromises made by the White House in its negotiations with House Democrats.
  • Just 13 percent of workers nationwide are highly concerned about their job security, according to Prudential Financial/Morning Consult survey.