Dems Declare Victory On Debt Ceiling With Short-Term Extension

October 6, 2021

Senate Democrats will accept a short-term increase in the debt limit that would raise the ceiling high enough to stave off default until December, a kick-the-can quick fix floated by Minority Leader Mitch McConnell (R-KY) on Wednesday afternoon. Democrats will reportedly not accept an increase in the debt ceiling through budget reconciliation.

The situation sets up a new debt-ceiling showdown for later in 2021.

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