European Union Offers To Delay Brexit Until Oct. 31st

CNBC reports:

European Union leaders have offered to delay Brexit until Oct. 31. Donald Tusk, president of the European Council, said he was taking the offer to Prime Minister Theresa May for approval from the U.K. government.

The emergency summit was convened after Prime Minister Theresa May requested a further delay to the U.K.’s departure from the bloc, as any Brexit deal has still not received approval from the British Parliament.

U.K. lawmakers have rejected May’s agreement three times but they’ve also failed to reach a majority in support of alternative options.