Trump announces 'real compromise' on budget deal, as fiscal hawks and some Dems cry foul
Trump, Dems reach budget deal -- and fiscal conservatives and progressives cry foul
The Trump administration and congressional leaders, including Democrats, have reached a critical debt and budget agreement that all but eliminates the risk of another government shutdown this fall -- but that has already drawn fierce blowback from fiscal conservatives worried about overspending, as well as progressives unhappy with where the money could go. The deal announced Monday evening, which requires congressional approval, would increase spending caps by $320 billion relative to the limits prescribed in the 2011 Budget Control Act, whose spending-control provisions have been repeatedly waived since 2014. It also would suspend the debt ceiling and permit more government borrowing until July 31, 2021 -- after the next presidential election.
The Trump administration and congressional leaders, including Democrats, have reached a critical debt and budget agreement that all but eliminates the risk of another government shutdown this fall -- but that has already drawn fierce blowback from fiscal conservatives worried about overspending, as well as progressives unhappy with where the money could go. The deal announced Monday evening, which requires congressional approval, would increase spending caps by $320 billion relative to the limits prescribed in the 2011 Budget Control Act, whose spending-control provisions have been repeatedly waived since 2014. It also would suspend the debt ceiling and permit more government borrowing until July 31, 2021 -- after the next presidential election.
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