Article snippet: MORE tweeted Monday night he was “pleased” to announce a budget deal that raises the debt ceiling and sets federal spending caps for the next two years. The $320 billion deal followed months of posturing and behind-the-scenes talks. It will add hundreds of billions to the deficit and represents the latest piece of evidence that Washington policymakers in both parties have turned away from any worries about the debt. So who won out in the negotiations, and who got left behind? WINNERS Speaker MORE (D-Calif.) Pelosi maneuvered deftly through the negotiations to secure a deal that won Democrats one of their top priorities: a significant increase in domestic spending. The $27 billion more in nondefense, discretionary spending will go toward health, education, science research, housing and other areas of concern to Democrats. Pelosi also managed to break the “parity” principle that has defined budget negotiations for the better part of a decade. Under the principle, defense and nondefense spending is supposed to match dollar for dollar. But in this deal, the increase in defense spending is $5 billion less than the increase in nondefense spending. That’s important for Pelosi, whose caucus includes progressives balking at greater and greater defense spending. The Trump economy Trump entered the talks hoping to cut spending, and he certainly didn’t want a deal that increased domestic spending more than the Pentagon’s budget. He’s taking criticism from conservatives who s... Link to the full article to read more
Winners and losers in the Trump-Pelosi budget deal | TheHill
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