While growth in 2019 has exceeded expectations so far, growth rates largely have conformed to forecasts, and many economists expect growth to remain lower in 2019 than in 2018.
If the president and Congress are unable to come to an agreement on the amount of the budget caps, they will risk either a harmful government shutdown or a potential automatic across-the-board cancellation of budgetary resources.
The deficit is projected to reach $1 trillion this year, according to the Office of Management and Budget (OMB), which released its annual mid-session review on Friday.
The words debt and deficit come up frequently in debates and conversations about the policy decisions that lawmakers face. The two concepts are similar, but are often confused.
