Senate Democratic and Republican leaders said Thursday morning they had clinched a short-term deal to raise the country’s debt ceiling, setting Congress on track to avert a government default on its debts in roughly 11 days.

 

Majority Leader Charles E. Schumer (D-N.Y.) announced the truce during a brief statement on the Senate floor, noting the agreement would permit the country to continue borrowing unimpeded into early December. Schumer said that chamber leaders now “hope we can get this done as soon as today,” though a vote could slip until potentially this weekend.

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Schumer and McConnell still must shepherd their deal through the chamber, a process that exposed potential cracks in their strategy by midday Thursday. A number of GOP lawmakers appeared reticent to supply the support needed to proceed to a final vote, prompting Sen. John Thune (R-S.D.), the party’s leading vote counter, to acknowledge to reporters that the vote is “not an easy one to whip.”

“In the end, we’ll be there,” Thune said. “But it’ll be a painful birthing process.”

A successful vote in the Senate, followed soon by the House, would avert a financial crisis with only days to spare ahead of the original October 18 deadline. 

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