WASHINGTON —Senate Minority Leader Mitch McConnell says he will support a debt limit extension into December, ending a partisan standoff just 12 days before the government’s deadline to avert default.
McConnell announced Wednesday that Republicans will support an extension of the debt limit “into December” to give Democrats more time to enact a long-term solution on their own. The offer from McConnell would appear to offer a short-term fix as the nation faces an October 18 deadline to lift the limit.
“This will moot Democrats’ excuses about the time crunch they created and give the unified Democratic government more than enough time to pass standalone debt limit legislation through reconciliation,” said McConnell in a statement.
GOP leaders have said for months that they won’t support a debt limit hike, although they insist it must be done. They say Democrats should use the complicated budget reconciliation process to bypass the GOP and lift the debt limit on their own.
But President Joe Biden and Democrats have rejected that approach, calling it cumbersome and time-consuming.