Democrats and the White House strike a budget and debt ceiling deal

As budget deadline pressure builds, Congress and the White House have struck a budget deal, moving one step closer toward staving off an economic crisis.

The deal between congressional Democrats and the White House would raise spending caps by about $50 billion this year and another $54 billion the following year. It would also lift the nation’s debt limit for two years, while avoiding massive spending cuts.

That’s a good deal for Democrats and a big retreat from the Trump administration, which called for $150 billion in spending cuts. The...