This morning's Wall St Journal was less than clear. Partly because the Journal's stories went to press last evening before Congress voted on the thing. Far as I can tell it is yet another continuing resolution that runs out 23 March. It lifts the Federal debt limit until March next year. It lifts the spending caps by $160 billion on the military and about the same amount on "discretionary spending". It does NOT authorize spending for the entire fiscal year, just for the rest of February and most of March. And it has a lot of pages, few of which anyone has seen, let alone read.
The House voted it thru at o'dark thirty, and Trump signed it sometime after 9 AM this morning.
Between the Trump tax cut and this spending authorization every one expects the US to go in the hole by $1 trillion for this fiscal year.
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