As the White House gathered CEOs to underscore the dire situation if the U.S. were to default on its debts, Republicans floated a new offer to Democrats as a way to resolve in the short term a party stand off over the debt limit.Senate Minority Leader Mitch McConnell proposed a short term extension of the limit at a fixed dollar amount, a measure that would cover the nation’s debt through December.
What’s unclear is whether Democrats will accept the proposal. Sen. Dick Durbin (D-IL), the majority whip, was non-committal as he exited the the chamber following a vote.It’s the latest wrinkle in a showdown that has captivated D.C.
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