The U.S. Senate will consider a debt-limit increase before an Oct. 17 deadline free of any of the spending cuts or policy changes that Republicans are demanding, Majority Leader Harry Reid said today.
The Nevada Democrat, who is pressing House Speaker John Boehner to end a government shutdown by passing a Senate plan to fund the government through Nov. 15, indicated that he may not bring up the proposal to increase the debt limit until after the shutdown ends.
“Not now -- sometime, but not now,” he said when asked about timing.
The Senate is two weeks away from hitting the $16.7 trillion federal borrowing limit on Oct. 17. Under Senate rules, it could take up to a week to pass legislation increasing the debt ceiling and would need the votes of at least six Republicans.
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