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A Washington Post story notes "White House and...>

US
US: A Washington Post story notes "White House and congressional negotiators
rushing to hammer out the final details of a sweeping budget and debt deal are
unlikely to include many - if any - actual spending cuts, even as the debt limit
is lifted for two years, people familiar with the talks said. The agreement
appeared likely to mark a retreat for White House officials who had demanded
major spending cuts in exchange for a new budget deal. But the process remained
in limbo while negotiators awaited final approval late Sunday from President
Trump. The pending deal would seek to extend the debt ceiling and set new
spending levels for two years, ratcheting back the budget brinkmanship that led
to a record-long government shutdown earlier this year. But instead of the $150
billion in new spending cuts recently demanded by White House acting budget
director Russell Vought, the agreement would include a significantly lower
amount of reductions."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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