Trump announces 'real compromise' on budget deal with congressional leaders

The Trump administration and congressional leaders, including Democrats, have reached a critical debt and budget agreement, a deal that amounted to an against-the-odds victory for Washington pragmatists seeking to avoid politically dangerous tumult over fiscal deadlines, President Trump announced Monday. The deal would increase spending caps by $320 billion relative to the limits prescribed in the 2011 Budget Control Act, whose provisions have repeatedly been waived year after year. It would also suspend the debt ceiling and permit more government borrowing until July 31, 2021 -- after the next presidential election.-- More...