Senate Cuts Deal To Raise U.S. Debt Ceiling, Reopen Government

Temporary deal sent over to the House
U.S. Senate Minority Leader Mitch McConnell (R., Ky.) / Reuters

The U.S. Senate announced a last-minute deal on Wednesday to avert a historic lapse in the government’s borrowing ability and a potentially damaging debt default, and to reopen the government after a two-week shutdown.

Debt Ceiling Talks Stall Further, Dems Push on Reversing Sequester

Republicans say Democrats now in danger of overreaching as debt ceiling deadline looms
Sen. Chuck Schumer (D., N.Y.) speaks on "Face the Nation," Sunday, Oct. 13, 2013.

Events over the weekend have made the likelihood of a deal by Oct. 17 appear increasingly uncertain as Democrats seek an agreement that includes removing budget caps and raising the sequester levels established in the 2011 Budget Control Act.