President Donald Trump has once again shoved aside past Republican orthodoxy on debt and spending as he announced a budget deal with House Speaker Nancy Pelosi that likely ushers in a return to trillion-dollar deficits.
Trump once said he would eliminate the $22 trillion federal debt, but the annual budget deficit is on track to top $1 trillion a year -- swollen by bipartisan spending increases and his tax cuts -- with no real expectation of a change in trajectory any time soon.
