"My highest duty is to keep America safe. Nothing more important," Trump said at the White House. "But I say to Congress: I will never sign another bill like this again."

Reporting from Bloomberg's Jennifer Epstein

UPDATE: March 23, 10:20 AM 

The House and Senate have passed a huge omnibus spending measure that would increase funding for the Community Development Financial Institutions program but would not overhaul Dodd-Frank as the House wanted.

The bill would boost CDFI funding by $2 million, to $250 million. The Trump Administration has proposed eliminating the program in its first two budgets, but the financial community, including credit unions, fought those cuts.

The House passed the bill 256-167; the Senate followed suit early Friday, passing the bill 65-32.

The bill now goes to President Trump; the White House has given conflicting signals about the president's willingness to sign it. White House officials on Thursday said the president would sign it. However, Friday morning Trump indicated he was considering vetoing it because it did not fund a border wall along the southwest border and did not deal with the issue of young immigrants who were brought to the country as children. The Obama Administration had indicated those children would not be deported.

Credit union trade groups said they are pleased with the funding level for the CDFI program, adding that they are not surprised that the bill does not address changes to Dodd-Frank.

The $1.3 trillion bill is a 2,232-page behemoth that funds government programs until October 1 of this year. Congress still must pass FY19 appropriations measures to fund the government until Oct. 1, 2019.

In past election years, Congress has enacted a series of Continuing Resolutions to fund the government until after the election. At that point, they may tackle government-wide funding or punt again and pass additional Continuing Resolutions. That would allow a new Congress to pass FY19 government-wide funding next year.

House members had less than 24 hours to digest the legislation, which funds everything from Pell Grants for students to defense programs for the Pentagon.

Congress and the president have until midnight Friday to enact the legislation or funding for federal programs will expire.

The bill is notable not only for what it does, but also for what it doesn't do. The House-passed Financial Services appropriations measure included huge chunks of Financial Services Chairman Jeb Hensarling's (R-Texas) Financial CHOICE Act, a comprehensive overhaul of Dodd-Frank.

Congressional appropriators dropped all those provisions, including plans to cut the CFPB's powers and to make the bureau subject to the annual appropriations process.

Those provisions would have been unacceptable to Senate Democrats; the Senate will need some of those Democrats to reach the 60-vote threshold needed to pass the bill.

Democrats applauded the decision to jettison those provisions.

"The agreement eliminates over 130 poison pill riders that would have devastated the environment, restricted women's access to health care, attacked the Affordable Care Act, and put significant restrictions on consumer financial protections," said Senate Appropriations ranking Democrat Patrick Leahy of Vermont.

"I am also pleased Democrats stood strong to eliminate scores of divisive poison-pill riders targeting women's health, clean air and water, worker rights, consumer financial protections, and much more," said House Appropriations ranking Democrat Nita Lowey of New York.

Leahy also touted the decision to increase funding for the CDFI program.

"Investing in our communities is more critical than ever as our economy works to recover from the Great Recession," he said.  "The CDFI Fund has the unique ability to leverage private sector investment in community development projects like affordable housing, retail development and lending to small businesses, filling some of the gap left by private sector investment after the financial crisis. "

In providing funds for the CDFI program, appropriators directed fund administrators "to take into consideration the unique conditions, challenges, and scale of non-metropolitan and rural areas when designing and administering programs to address economic revitalization and community development."

NAFCU was pleased with the $2 million boost for the CDFI program, said Vice President of Legislative Affairs Brad Thaler.

CUNA officials also applauded the decision.

"Helping CDFIs reach the underbanked populations in their communities is a very worthwhile use of taxpayer dollars," said Ryan Donovan, CUNA's chief advocacy officer.

Donovan said the directive to consider the problems facing people in rural areas is consistent with the goals of credit unions.

"This is consistent with the credit union mission of reaching all underbanked communities and population segments in the country to ensure that all people, from those in Indian country to those in the disabled community, have access to affordable financial products and services," he said.

The dumping of the House Dodd-Frank provisions was expected, the credit union trade group officials said.

"They are recognizing that they need bipartisan support to pass it," Thaler said. "They had to get a deal that the bipartisan leadership would sign off on."

"This is consistent with past omnibus spending bills where significant support from Democratic lawmakers was necessary for passage.," Donovan said. "There is already a significant financial regulatory relief process moving through Congress through the authorizing committees. "

The Dodd-Frank provisions that were not included in the omnibus bill are not dead. The House has passed Hensarling's legislation and the Senate has passed a bipartisan bill crafted by Senate Banking Committee Chairman Mike Crapo (R-Ind.), committee Republicans and several moderate Democrats on the panel.

However, that bill does not include provisions that would mandate any changes at the CFPB since there is sufficient support for the bureau in the Senate to block any such legislation.