5 Things to Know About Congress’ Latest Budget-Busting Deal

Congressional leaders on Wednesday announced their latest budget-busting deal. The plan would provide a much-needed boost to defense spending, but fails in almost all other areas. Over the next two years, it would raise the Budget Control Act caps by $296 billion with only a third of that being paid for. This agreement would raise spending by $153 billion more than the previous two budget deals combined. It would guarantee that about a trillion dollars is added to the debt this year and is an affront to any remaining hope of fiscal responsibility. -- More....