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Default Seemingly Averted as Mitch McConnell Blinks on Debt Ceiling, Offers Deal to Dems

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„This will moot Democrats‘ excuses about the time crunch they created,“ McConnell said in a statement about his offer.
Senate Minority Leader Mitch McConnell has offered a deal to Democrats to try to avert a potentially catastrophic debt crisis, ahead of a looming deadline this month. The details remain unclear. „We haven’t seen anything in writing,“ Senator Debbie Stabenow, a Michigan Democrat, told reporters on Wednesday. But it appears Democrats are willing to cut an agreement with Republicans that would extend the debt limit into December. „This will moot Democrats‘ excuses about the time crunch they created and give the unified Democratic government more than enough time to pass standalone debt limit legislation through reconciliation,“ McConnell, a Kentucky Republican, said in a statement on his offer. The debt ceiling fight comes as Democrats have tried to forge a path forward on two key Biden agenda items: a $1 trillion infrastructure package and as much as $3.

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