UPDATE 1:05 p.m.
President Donald Trump agreed to a request from congressional Democrats to raise the debt ceiling and extend government funding through Dec. 15, according to sources familiar with a meeting he held Wednesday with congressional leaders. The package would also include relief funding for victims of Hurricane Harvey.
Congressional Democrats are turning the screws on the president and GOP leaders, who need Democratic votes to raise the debt limit and avert a default.
Democratic leaders said Wednesday they’ll offer Republican lawmakers and President Donald Trump their votes for a package delivering aid to victims of Hurricane Harvey and raising the debt ceiling only until mid-December. GOP leaders, eager to avoid multiple contentious votes on the debt ceiling, want to raise the debt ceiling through late 2018.
The offer for a short-term debt limit increase, outlined in a joint statement by Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi, threatens to upend plans to tie the debt ceiling increase with a disaster relief package.