Budget Deal Was Rare Moment of Compromise in Washington

Budget Deal Was Rare Moment of Compromise in Washington

“Ebbing deficit fears, an aversion to using the debt ceiling for partisan gain—and President Trump’s wish to get a deal done—helped smooth [the] path” to reaching a budget deal and rare moment of compromise.

This week, the White House and congressional leaders finally “struck a two-year budget deal that increases spending and lefts the government’s borrowing limit”. This was largely accredited to a “bipartisan desire… to raise spending levels as deficit concerns decline, and the President Trump’s wish to reach an agreement that would take him past the 2020 election… The deal suspends the debt ceiling until the end of July 2021” and provides bipartisan incentives such as increases in military spending and increases in funding for domestic programs.

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