Senate GOP leader McConnell may offer short-term debt ceiling extension following Biden pressure
The stopgap offer from McConnell would take some pressure off both parties to reach a compromise by Oct. 18, when the Treasury Department estimates the U.S. will exhaust its emergency efforts to pay the government's bills.
Republicans and Democrats have clashed in recent weeks over how best to raise or suspend the federal borrowing limit and it was not immediately clear if House Speaker Nancy Pelosi, D-Calif., or Senate Majority Leader Chuck Schumer, D-N.Y., would be open to McConnell's potential plan.
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