U.S. Senate's Schumer announces agreement to extend debt ceiling until early December

Summary by Ground News
"Our hope is to get this done as soon as today," Senate Majority Leader Chuck Schumer declares. Wall Street continued to rally on the news. The agreement will allow for raising the debt ceiling by about $480 billion. Congress has just days to act before the Oct. 18 deadline when the Treasury Department has warned it would run short of funds.
8 months ago·Washington, United States

News Articles

Senate moves toward short-term debt-ceiling agreement

The Senate was close Wednesday evening to a short-term deal to raise the debt limit, postponing for a few months a showdown over how to craft a longer-term extension of the nation’s borrowing cap.

8 months ago·Los Angeles, United States
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Reuters

U.S. Senate's Schumer announces agreement to extend debt ceiling until early December

WASHINGTON - U.S. Senate Majority Leader Chuck Schumer said Thursday lawmakers have reached an agreement to extend the country's debt ceiling through early December. (Reporting by Susan Cornwell)

8 months ago·United Kingdom
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The Guardian

US Senate reaches deal to extend debt ceiling through early December – live

Dow up 530 points on news of Schumer-McConnell agreement reached over debt ceiling – follow all the latest news

8 months ago·London, United Kingdom
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CTV News

U.S. debt ceiling deal: Senate reaches agreement to avert crisis

The U.S. Senate dodged a debt disaster Thursday night, voting to extend the government's borrowing authority into December and temporarily avert an unprecedented federal default that experts warned would devastate the economy and harm millions of Americans.

8 months ago·Toronto, Canada
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The Independent

Schumer says the Senate reached an agreement on the debt ceiling

Senate Majority Leader Chuck Schumer said the Senate had reached an agreement on the debt ceiling, which would prevent the United States from defaulting on its full faith and credit, CNN reported.

8 months ago·London, United Kingdom
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Washington Times

Senate readies vote to hike debt ceiling until December amid GOP tensions

Senate Democrats and Republicans reached a deal on Thursday to avert a default on U.S. debts until early December, but it remains to be seen how many GOP lawmakers will fall in line.Senate Majority Leader Charles E. Schumer announced a deal with GOP leaders to raise the federal debt ...

8 months ago·Washington, United States
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