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Budget

Analysts: Two-Year Spending Deal Likely in New Congress

Vivienne Machi By
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Analysts: Two-Year Spending Deal Likely in New Congress

The next Congress will be split between a Democratic House and a Republican Senate, and analysts expect debates regarding budget spending caps for defense and domestic spending to begin early next year.Roman Schweizer, an analyst with the Cowen Washington Research Group, said in an email that another two-year spending deal is likely to occur in the 116th Congress. “We do not expect defense spending to experience the rate of growth it did in [fiscal years 2018 and 2019] nor do…

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