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Senate Reaches Formal Deal on Debt Limit but Not Everyone Is Happy

by RedState
October 7, 2021
in Politics
Senate Reaches Formal Deal on Debt Limit but Not Everyone Is Happy

AP Photo/J. Scott Applewhite Senate Majority Leader Chuck Schumer (D-NY) and Senate Minority Leader Mitch McConnell (R-KY) came to an agreement on the deal to extend the debt limit until December.

We reported yesterday that McConnell had made a surprise offer to the Democrats and that Democrats were indicating that they intended to accept his deal.

McConnell said they’d come to a formal agreement. From The Daily Mail: ‘The majority didn’t have a plan to prevent default. So we stepped forward,’ he said in remarks on the Senate floor. The Senate will hike the debt limit by $480 billion, which […]

Read the rest of this story here: redstate.com

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