Wall Street Ends Higher on Optimism About US Debt-Ceiling Deal

Wall Street Ends Higher on Optimism About US Debt-Ceiling Deal
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Oct. 04, 2021. Spencer Platt/Getty Images
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Wall Street ended higher on Wednesday as investors grew more optimistic that congressional Democrats and Republicans could reach a deal to avert a government debt default.

Top U.S. Senate Republican Mitch McConnell said his party would support an extension of the federal debt ceiling into December. This would head off a historic default that would exact a heavy economic toll.