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More than compensating for that, is the fact that we have passed unpaid for tax cuts, unpaid for spending increases. congress is fast passing deficit finance legislation so quickly, i believe the president has signed in over $4 trillion of debt increases into law. and no surprise -- >> is that what you mean by self-imposed? >> this is coming from legislation that congress is passing. and the president is signing, so this in many ways is reflective not of a weak fiscal situation that comes from the economy, but it comes from our politicians, and that's the problem. >> what does this mean for fa...

Deficit will widen to a trillion dollars for the 2020 fiscal year. i'm joined now by the president of the committee for a responsible federal budget, ben goldberger executive editor at "time" magazine that has a new issue out today, the left behind economy produced in partnership with the fuller project a nonprofit newsroom that reports on issues impacting women. does any of this surprise you? >> unfortunately, it's not a surprise because so much of what's happening fiscally was entirely predictable. you can't have a massive, unpaid for tax cut where there were promises it was going to pay for...

Concerns on capitol hill that he might back away from the deal at the last minute. >> i think it is a deal that will get through. >> it isn't everything we hoped for but it got through the debt ceiling. >> reporter: the deal pushes off another fight over the budget and debt until after the 2020 election and authorized $1.37 trillion in spending each year for the next two years. republicans touting the $45 billion increase in military spending. >> from the military point of view, it is much needed, it is the best i think we could do. >> reporter: and democrats satisfied with the $56 billion in ...

The domestic side which democrats want. that two-year suspension. debt ceiling is huge, it takes a catastrophic crisis off the table until after the election. in terms of offsets, that's been the big back-and-forth, spending hawks want a lot of spending increases offset. about $75 billion is where negotiators ended up. one thing republicans are seizing on is at least a verbal agreement or acknowledgement from speaker nancy pelosi that they will not seek to put in poison pills, as they call them, into their spending measures, including restricting how the administration could move money around ...

And elena train. elena. let's start with you, this is a big budget. $4.7 trillion is a big ask for the border wall. we know there will be political friction there. what do you make of the plan itself? >> the thing to keep in mind, these budgets put forth by the white house are more symbolic measures. this is dead on arrival as some democrats have said over the weekend before it was even released. so congress sets these spending levels. it does show the white house's priorities for 2020. the big thing we saw, massive spending increases. the president said he has wanted to see increases in defen...