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Democrats Signal They’ll Accept Short-Term Debt Ceiling Hike

  • McConnell offered deal for raising ceiling into December
  • Schumer reports ‘progress’ in talks, possible deal by Thursday
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WATCH: Senate Republican leader Mitch McConnell offered Democrats a deal to raise the U.S. debt ceiling into December. Jodi Schneider reports. (Source: Bloomberg)
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Democrats signaled they would take up Senate Republican leader Mitch McConnell’s offer to raise the U.S. debt ceiling into December, alleviating the immediate risk of a default but raising the prospect of another bruising political fight near the end of the year.

Senate Majority Leader Chuck Schumer said early Thursday that the two sides were “making good progress” and that he hoped to have an agreement worked out by the morning.