Trump agrees budget deal with Pelosi — and likely a return to trillion-dollar deficits
For a Republican president whose focus has shifted to his re-election bid, the deal helps safeguard his strongest asset: the roaring US economy
23 July 2019 - 18:46
Washington — US President Donald Trump has once again shoved aside past Republican orthodoxy on debt and spending as he announced a budget deal with House speaker Nancy Pelosi that likely ushers in a return to trillion-dollar deficits.
Trump once said he would eliminate the $22-trillion federal debt, but the annual budget deficit is on track to top $1-trillion a year — swollen by bipartisan spending increases and his tax cuts — with no real expectation of a change in trajectory any time soon...
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