Spending Agreement Marks End of Obama-Era Deficit Reduction Push

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Spending Agreement Marks End of Obama-Era Deficit Reduction Push
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The House is expected to pass a two-year spending agreement, effectively ending much of the 2011 legislation Republicans negotiated with President Obama to keep federal deficits in check

The agreement, reached by Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi on Monday, effectively ends much of the 2011 Budget Control Act, which set limits on spending for each fiscal year.

Without regular agreements to raise spending above the limits set in...
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