JUST IN: Senate Minority Leader McConnell says he will support a debt limit extension into December to give Democrats more time to enact a long-term solution on their own.
extension into December, making an offer to temporarily end a partisan standoff just 12 days before the government's deadline to avert default.
Sen. Tim Kaine, D-Va., said it’s not clear if Democrats will accept McConnell’s offer, as they have yet to digest and discuss it. "This will moot Democrats’ excuses about the time crunch they created and give the unified Democratic government more than enough time to pass standalone debt limit legislation through reconciliation," said McConnell in a statement.
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McConnell offers extension on U.S. debt ceiling into DecemberWASHINGTON (Reuters) -Top U.S. Senate Republican Mitch McConnell on Wednesday said his party would support an extension of the federal debt ceiling into December, a move that would head off a historic default with a heavy economic toll. That could provide an off-ramp to a months-long standoff between President Joe Biden's Democrats and McConnell's Republicans, who were expected to block on Wednesday a third attempt by Senate Democrats to raise the $28.4 trillion debt ceiling. 'To protect the American people from a near-term Democrat-created crisis, we will also allow Democrats to use normal procedures to pass an emergency debt limit extension at a fixed dollar amount to cover current spending levels into December,' McConnell said in a statement on Wednesday.
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Senate GOP leader McConnell may offer short-term debt ceiling extension following pressure from BidenPresident Joe Biden and Democratic leaders in Congress amped up pressure on Republicans to act on the debt limit.
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