Schumer Announces Temporary Deal On Debt Ceiling

ABC News reports:

Senate Minority Leader Mitch McConnell blinked after a three-month stalemate with Democrats. Democrats appear to have taken a deal that many in the caucus acknowledge is little more than kicking the can down the road. But as aides and members have made clear to over the course of the last 15 hours, what other choice was there?

Democrats were insistent they’d run out of time to use a convoluted budget process and moderate Democratic Sen. Joe Manchin of West Virginia wasn’t budging on changing the rules of the Senate, even in the midst of this emergency. What is still being negotiated Thursday morning is the bare minimum way out of this, but it’s a way out.