Schumer: Senate could act 'as soon as today' on lifting debt limit after agreement reached

Senate Majority Leader Chuck Schumer said in a brief floor speech on Thursday morning that top Democrats and Republicans in the chamber had "reached agreement to extend the debt ceiling through early December, and it's our hope that we can get this done as soon as today." Democratic senators had signaled late Wednesday that their party was likely to accept Senate Minority Leader Mitch McConnell's offer of a short-term lift to the federal borrowing limit. 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.

Schumer: Senate could act 'as soon as today' on lifting debt limit after agreement reached
Senate Majority Leader Chuck Schumer said in a brief floor speech on Thursday morning that top Democrats and Republicans in the chamber had "reached agreement to extend the debt ceiling through early December, and it's our hope that we can get this done as soon as today." Democratic senators had signaled late Wednesday that their party was likely to accept Senate Minority Leader Mitch McConnell's offer of a short-term lift to the federal borrowing limit. 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.