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McConnell Says US Debt Ceiling Debate Could Stretch Into September

U.S. Senate Majority Leader Mitch McConnell on Tuesday said the debate over raising the country’s debt ceiling could stretch into September and he sought bipartisan support for the legislation to prevent a government default.

“We are looking for a way forward” to pass a debt limit increase “sometime in the next month or so,” McConnell said after meeting with Treasury Secretary Steven Mnuchin and Senate Democratic leader Chuck Schumer.

He also told reporters that comprehensive tax legislation will move forward in September, but that he does not expect many Senate Democrats to support the Republican legislation.

Senate Finance Committee Chairman Orrin Hatch, whose …read more

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