The U.S. budget deficit will surpass $1 trillion by 2020, two years sooner than previously estimated, as tax cuts and spending increases signed by President Donald Trump do little to boost long-term economic growth, according to the Congressional Budget Office.

The Communist Party must firmly maintain leadership in all areas of work, Chinese President Xi Jinping declared Tuesday in a speech that, while intended to mark the 40th anniversary of Deng Xiaoping’s “reform and opening up,” seemed to represent a departure from some of its core ideas.