Senate Leaders Confirm Deal On Short-Term Extension Of Debt Limit

U.S. Senate Continues Negotiations On Debt Limit Compromise

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Senate leaders have reached an agreement on extending the debt limit until early December. 

The short-term extension was proposed by Minority Leader Mitch McConnell yesterday. The Kentucky Republican cited "good faith negotiations" and added the deal will "spare the American people a manufactured crisis." 

December will come up fast and the two sides will likely face another impasse and crisis in the run-up to Christmas.

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