It’s a good bet that federal spending and the annual budget deficits will increase during the Trump administration, despite opposition from many members of his own party who will hold firm on reining in government outlays.
But the Republican-controlled Congress isn’t about to give President-elect Donald Trump a blank check. The credit rating service Moody’s forecasts that if he were to get everything on his spending wish list, the deficit as a share of GDP would likely top 10% by the end of his four-year term, compared with 3% now. That’s not going to happen.
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