Mitch McConnell Caves, Makes Deal With Schumer on Temporary Debt Ceiling Increase

“It would have been a disaster if this did not happen, and I’m glad that Mitch McConnell finally conceded the point that we have to pay our debts incurred under Trump,” said Budget Chairman Bernie Sanders, a Vermont independent who caucuses with Democrats. “And let’s get this done as quickly as possible.”

He added: “There’s not going to be reconciliation.”

Throughout the summer, McConnell insisted that Democrats would have to extend the debt limit on their own using reconciliation, which involves several votes and can take as long as two weeks.