House Republicans submitted a new plan for raising the debt limit to President Barack Obama Thursday at 10 p.m., and are awaiting a response, according to Politico.
The latest proposal would raise the debt ceiling through Nov. 22 and fund the government until Dec. 15, Politico reports. This would then prompt budget talks in aims of reaching a broader deal on spending and debt.
Republican leaders in the House met with Obama Thursday evening, but did not reach a concrete deal during those talks.
Obama and Vice President Joe Biden will meet with Senate Republicans Friday morning. Senate Minority Leader Mitch McConnell (R-KY) has given the go-ahead to Republican senators who want to work toward a deal, according to the Huffington Post.