In exchange for lifting the #DebtLimit, the #deal would meet #Republicans’ demand to #cut some federal spending, albeit w/the help of accounting maneuvers that would give both sides #political cover for an agreement likely to be unpopular w/large swaths of their base voters.

It would impose #caps on #discretionary spending for 2 yrs, though those caps would apply differently to spending on the #military than to other #nondefense #DiscretionarySpending.