One of the big unknowns for U.S. economic growth heading into the presidential election year needs to be sorted out by lawmakers in the coming months: the path for government spending. Lawmakers agreed to cap spending in 2011 as part of a bruising fight over raising the debt limit, but they have struck three separate deals since then—in 2013, 2015 and 2018—to ease those caps and increase spending. The latest two-year deal, which boosted funding nearly $300 billion above the caps, expires in October.

Source: Wall Street Journal April 07, 2019 10:52 UTC