U.S. Senate Democrats and Republicans sought to reach an agreement on Thursday to avert a debt crisis, after Democrats showed openness to a Republican offer to allow an extension of the federal debt ceiling into December.
The sun sets behind the U.S. Capitol building in Washington, U.S., October 6, 2021. REUTERS/Leah Millis
Senator Dick Durbin, the chamber's No. 2 Democrat, welcomed McConnell's offer, saying it would provide additional time for Democrats to reach an internal agreement on Biden's multitrillion-dollar social policy package and to pass a $1 trillion bipartisan infrastructure bill. McConnell suggested passing legislation to raise the debt limit by a fixed dollar amount, which he did not specify, until December.
"I think it's a step forward. Obviously I hope we can now negotiate a process that creates a long-term solution" to the debt ceiling, said Senator Bernie Sanders, an independent who caucuses with Democrats and is a leader on the left.
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