Senate Leaders Finalize Details Of Short-Term Agreement To Avert Debt Ceiling Crisis

Senate Leaders Finalize Details Of Short-Term Agreement To Avert Debt Ceiling Crisis

Senate leaders said they’re finalizing the details of an agreement to raise the debt ceiling ahead of the October 18 deadline, but that plan would essentially be a snooze button that would put lawmakers right back here in the middle of next month. It appears that Democrats and Republicans in the United States Senate have reached an agreement to avert a debt ceiling crisis in the short term, but it remains unclear what the long-term solution will be.With Democratic leadership preparing to hold a vote Wednesday afternoon on a House bill to suspend the debt limit until after the midterm elections in 2022, Minority Leader Sen. Mitch McConnell offered a compromise: Republicans were prepared, he said, to get out of the way and let Democrats use …

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