Zolna Report - US House Passed $733 Billion Defence Policy!

WASHINGTON (Reuters) - The U.S. House of Representatives approved a $733-billion defense policy bill on Friday, defying President Donald Trump’s veto threat by including provisions like a clampdown on funding for his planned wall on the border with Mexico.
The House passed its version of the 2020 National Defense Authorization Act, or NDAA, by a 220 to 197 vote, without a single Republican voting in favor of the bill and after some of the most liberal Democrats opposed it as they pushed for a reduction in defence spending.
Republican opposition to the bill sets the stage for a stiff fight over its provisions later this year that could threaten Congress’ record of passing the NDAA annually for nearly six decades.
That bipartisan amendment passed by 251-170 and prevents federal funds from being used for any military force in or against Iran without congressional authorization.
https://www.reuters.com/article/us-usa-house-defense/u-s-house-passes-733-billion-defense-policy-bill-after-trump-threatens-veto-idUSKCN1U72BA?utm_source=applenews

(CNN)Treasury Secretary Steven Mnuchin on Friday issued a warning Friday that the US government is at risk of running out of cash sooner than expected.
In a letter to Democratic House Speaker Nancy Pelosi, Mnuchin wrote that the US might default on its obligations as soon as early September, before Congress returns from its summer recess.
"Based on updated projections, there is a scenario in which we run of out cash in early September, before Congress reconvenes," Mnuchin wrote in a letter.
The federal government has not been able to borrow money since March, when congressionally-mandated borrowing limits went back into force. The US Treasury, which is facing a growing deficit thanks in part to President Donald Trump's 2017 tax cuts, had said it had enough cash to last until the fall.
Pelosi and Mnuchin have spoken three times this week in an effort to jumpstart stalled budget and debt ceiling negotiations, and multiple sources say the new default projections have provided an accelerant for those efforts.
Mnuchin and Pelosi are likely to speak again Friday. Pelosi told reporters that she has not yet read Mnuchin's letter to Capitol Hill but she knew it was coming.
In his letter, Mnuchin called on Congress to restore borrowing power by increasing the debt ceiling before Congress departs for its regular August recess.
https://edition.cnn.com/2019/07/12/politics/mnuchin-congress-letter-debt-crisis/index.html