The Economic Runway Clears

Yesterday afternoon, the House of Representatives approved a $1.4 trillion dollar spending package that will fund the federal government through 2020. As was the case last year, funding for President Trump’s border wall was a heated debate topic. Ultimately, Democrats agreed to maintain the current $1.37 billion dollar wall funding, while authorizing the President to continue the practice of transferring funds from Pentagon coffers to supplement construction. The deal also includes a $22 billion increase in military spending, and pay raises for military and civilian federal workers. The bill will now head to the Senate for expected approval before being signed by Trump.

Download the full article

Read more Economic Commentary