Trump Faces Fiscal Deadlines

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federal debt

Washington Post

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Trump readies massive shift in U.S. economy on eve of inauguration

Summary

Nutrition label

72% Informative

The federal government is weeks away from running out of money, setting up another high-stakes funding fight in March .

As he returns to the Oval Office , Trump has pitched a radical shift: He seeks sharp reductions in federal spending, deeper tax cuts and sweeping deregulation.

But his foremost critics, particularly Democrats , see that agenda as weighted to the rich at the expense of the poor.

The U.S. government is funded only into March , under a heavily contested deal reached last year .

Some Democratic lawmakers and legal experts believe such a move would be unconstitutional.

As the parties haggle over spending, they also must confront a fast-approaching decision about the debt ceiling.

The early range of options includes more than $1 trillion in potential cuts to Medicaid .

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English