With split Congress, prospect for economic deals looks dim
WASHINGTON (AP) — With Democrats now in control of the House, President Donald Trump faces a tough test of whether he can forge compromises with a group of lawmakers who, he had warned his supporters, would wreck the U.S. economy.
The president on Wednesday floated the possibility of agreements with Democrats to boost spending on America’s infrastructure and to limit drug prices. Yet the poisonous atmosphere in Washington, mandated federal spending limits and a potential duel over the government’s borrowing authority make it difficult to forge any deals that would boost growth.
Over the next two years, most economic and market analysts foresee mainly entrenched gridlock in Congress. Many think the two sides will mostly maneuver for public favor while looking toward the 2020 presidential election year.