Coming: GOP Infighting over Federal Spending

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.

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+

(Continues ...)

Log in to see the rest of this article and the discussion

Kiplinger Alerts is a subscription-based e-mail and online alert service that helps you make more profitable decisions for your business and investments. You get reliable intelligence and forecasts on more than a dozen factors that affect the economy and are critical to your business and financial success.

Already a subscriber?

Login now

Not yet a subscriber?

Enjoy it free for 30 days