Democrats likely to accept McConnell's offer on debt limit: reports

Democratic senators have signaled their party is likely to accept Senate Minority Leader Mitch McConnell's offer of a short-term lift to the federal borrowing limit, according to multiple published reports on Wednesday. Democratic Sen. Chris Coons of Delaware told CNN that he expected Democrats would look to push ahead with a short-term increase of the debt ceiling, but they wouldn't raise the debt limit through the process of budget reconciliation, as Republicans have demanded. Meanwhile, Politico reported that multiple Democratic senators said they'll accept the short-term increase laid out by McConnell, a Kentucky Republican. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Democrats likely to accept McConnell's offer on debt limit: reports
Democratic senators have signaled their party is likely to accept Senate Minority Leader Mitch McConnell's offer of a short-term lift to the federal borrowing limit, according to multiple published reports on Wednesday. Democratic Sen. Chris Coons of Delaware told CNN that he expected Democrats would look to push ahead with a short-term increase of the debt ceiling, but they wouldn't raise the debt limit through the process of budget reconciliation, as Republicans have demanded. Meanwhile, Politico reported that multiple Democratic senators said they'll accept the short-term increase laid out by McConnell, a Kentucky Republican. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.