Senate budget deal would bust budget caps, raise debt limit

•  The two-year deal I expect McConnell and Schumer to strike: busting the budget caps on defense and domestic spending, raising the debt limit, plus funding for disaster relief and funding for community health centers.
• Why it matters: That would be a pretty good deal for President Trump. Sure, the fiscal conservatives will hate it, but Trump has never been one of them.
• The deal would expose the gap between Schumer and House Democratic Leader Nancy Pelosi: She wanted to hitch the immigration deal to the spending fight, while Schumer appears OK with allowing it to be separate.

How it's playing: WashPost lead story: "Senators say deal on budget is in sight" ... Wall Street Journal A1: "Senators Close In on a Budget Deal."