Will There Be a Spending Deal?

Playbook: “There are just four days left until the August recess — Democratic leadership has said it would not keep the chamber in session past this week.”

“The question inside the White House is this: Will Mnuchin win, and get Trump to support the bill? Or will the fiscal hawks in OMB, backed by acting chief of staff Mick Mulvaney and urged on by mischief-making House Republicans, inject enough skepticism to make him wary and tank a deal?”

“The question in the Capitol: How do members of Congress view this deal? A two-year debt limit hike coupled with a boost of budget caps is, broadly speaking, an attractive proposition for Congress in today’s day. But there are tripwires. There will still be a few Republicans who will balk at spending increases. And there will be Democrats who will be wary of any agreement that could allow Trump to enact policies they disagree with.”

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