Debt Ceiling, Budget Jitters Prompt McConnell to Broker Deal
- Mulvaney, Mnuchin meet with Republican Senate leaders
- Spending plan will eventually need Democratic approval as well
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Top Senate Republicans are urging the White House toward a government spending and debt limit deal that House Democrats can accept, as lawmakers -- and investors -- cast an increasingly nervous eye toward looming fiscal deadlines.
Majority Leader Mitch McConnell convened a high-stakes meeting Wednesday with Treasury Secretary Steven Mnuchin, Acting White House Chief of Staff Mick Mulvaney, Senate Appropriations Chairman Richard Shelby and other Republicans to forge a deal that would avert another government shutdown and relieve market uncertainty about a debt ceiling standoff. This unified plan would be their opening offer in talks with congressional Democrats.