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McConnell Offers Dems Short-Term Deal On Extending Debt Limit

Senate Lawmakers Attend Weekly Policy Luncheons

Photo: Getty Images

Senate Republican leader Mitch McConnell is offering Democrats a short-term deal on extending the federal debt limit. 

He says Republicans are willing to agree to extend the debt limit to December, which would temporarily avoid a looming default on debt obligations by October 18th. 

Republicans have refused to support an extension of the debt limit to December of next year. 

Treasury Secretary Janet Yellen has warned of catastrophic economic consequences if it's not extended.


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