A Good Budget Deal for Both Parties

First Read: “The budget deal that Republican and Democratic leaders reached late last night — to boost military and domestic spending, to keep the government open, and to raise the debt limit — appears to be a potential win for both parties. Especially when it comes to the 2016 presidential election. Think about it: Republicans get to avoid the possibility of a government shutdown and debt default, either of which would have further damaged the party’s brand heading into next year’s general election. Democrats, meanwhile, get to lock in economic certainty and avoid a drop in consumer confidence like what happened after July 2011 (the debt-ceiling debacle) and Oct. 2013 (the two-week government shutdown).”

“The devil is still in the details, of course, but the deal seems to help BOTH parties as it relates to 2016. And guess what: The budget deal and debt-limit hike last until 2017, which means that the party that wins next year will have the upper hand in the next round of budget fights.”