202.5

With split Congress, prospect for economic deals looks dim

President Donald Trump speaks during a news conference in the East Room of the White House, Wednesday, Nov. 7, 2018, in Washington. (AP Photo/Evan Vucci)

WASHINGTON (AP) — With Democrats now in control of the House, President Donald Trump faces a tough test of whether he can forge compromises with a group of lawmakers who, he had warned his supporters, would wreck the U.S. economy.

The president on Wednesday floated the possibility of agreements with Democrats to boost spending on America’s infrastructure and to limit drug prices. Yet the poisonous atmosphere in Washington, mandated federal spending limits and a potential duel over the government’s borrowing authority make it difficult to forge any deals that would boost growth.

Over the next two years, most economic and market analysts foresee mainly entrenched gridlock in Congress. Many think the two sides will mostly maneuver for public favor while looking toward the 2020 presidential election year.

Copyright © 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.



Advertiser Content