Senate Majority Leader Chuck Schumer, D-N.Y., said Democrats and Republicans reached a deal on a short-term extension of the debt ceiling into December. The Treasury Department said if Congress didn't raise the nation's limit on borrowing soon, the U.S. would start defaulting on debts for the first time ever starting Oct. 18. | | News Alert Thursday, October 7 | | | | Senate Democrats reach deal with Republicans to extend debt ceiling into December | Senate Majority Leader Chuck Schumer, D-N.Y., said Democrats and Republicans reached a deal on a short-term extension of the debt ceiling into December. The Treasury Department said if Congress didn't raise the nation's limit on borrowing soon, the U.S. would start defaulting on debts for the first time ever starting Oct. 18. | | | | | | | |
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