After months of promises by Senate Republicans not to vote for an increase in the debt ceiling, Senate Majority Leader Chuck Schumer (D-N.Y.) and Minority Leader Mitch McConnell (R-Ky.) reached a deal in the early hours of Thursday morning to suspend the debt limit until December. Despite McConnell’s support for the deal, Republicans are divided on the eleventh-hour agreement.
Still, Senate leadership was optimistic about the deal.