Proposed legislation would pave the way for Democrats to raise the limit in the Senate without Republican support

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Lawmakers Close In on Debt-Ceiling Deal

Senate Majority Leader Charles E. Schumer (D-N.Y.) heralded “good progress” in ongoing talks with Senate Minority Leader Mitch McConnell (R-Ky.), while House lawmakers took early steps toward holding a vote in the evening.

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Democrats, Republicans eye potential deal to avert another debt ceiling crisis

The apparent compromise comes 8 days before a critical fiscal deadline, averting what would have been another political and economic crisis.

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Democrats, Republicans say they have a deal to avert another debt ceiling crisis

(Bloomberg) -- Republicans and Democrats in Congress moved closer to resolving a partisan impasse over raising the government’s debt ceiling without taking the nation to the brink of default.Continue Reading. Read more on Politics by BloombergQuint.

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Congress Moves Toward Deal to Raise Nation’s Debt Ceiling

“House leaders introduced legislation that would pave the way for Democrats to raise the debt ceiling in the Senate without Republican support, as lawmakers closed in on a procedural agreement to resolve the partisan clash over lifting the government’s borrowing limit,” the Wall Street Journal reports.Punchbowl News: “It’s early, but our reporting this morning from Capitol Hill leads us to believe that House and Senate leaders have found a way t…

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After negotiations regarding a debt ceiling increase, it appears that lawmakers reached an agreement on Tuesday using a tool that could appeal to both political parties. Leaders in the House of Representatives introduced a measure that would allow Democrats to ultimately increase the debt ceiling without any votes from Republicans. As The Wall Street Journal reported: The bill, which also prevents cuts to Medicare and other programs that threate…

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Lawmakers Reach Deal On Debt Ceiling Measure

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Senate Minority Leader Mitch McConnell, R-Ky., said Tuesday that he is “confident” he will have the votes necessary to pass the bill.

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Congressional leaders close in on deal to raise debt ceiling

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House Democrats are tying the debt limit increase to legislation to avoid cuts next month in Medicare reimbursements, farm and other programs. Some key Senate Republicans signaled initial support for the maneuver. House Speaker Nancy Pelosi sent the legislation to the House Rules Committee, which has scheduled a 1 p.m. meeting.

Lawmakers Close In on Debt-Ceiling Deal

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