McConnell Offers Democrats a Short-Term Debt Ceiling Increase
- Proposal would buy time to pursue Democrats-only vote
- Schumer has rejected reconciliation process as too cumbersome
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Senate Republican leader Mitch McConnell offered Democrats a deal to raise the U.S. debt ceiling into December, which would alleviate the immediate risk of a default and could push it into an end-of-the year political fight.
Senate Majority Leader Chuck Schumer didn’t respond publicly, but he called a meeting of Senate Democrats and is expected to confer with McConnell. The Senate meantime delayed an attempt to advance legislation to suspend the debt limit, which Republicans were poised to block.