Senate's Short-Term Deal Raises Debt Ceiling By $480 Billion, Extending Deadline To Dec. 3

It does not mention a date and only refers to raising the debt ceiling by $480 billion.

Update: As we await a Senate vote on the short-term debt ceiling deal, Goldman's political analyst Alec Philips has just chimed in with a brief note to clients, advising that the $480 billion debt-ceiling increase was larger than he had anticipated, meaning that the real deadline for a more long-term deal is probably "Somewhat later than Dec. 3".

Media reports indicate that Senate leaders have struck a deal to raise the debt ceiling by $480bn.

Schumer is moving to amend the House debt ceiling bill with the deal that he cut with McConnell.

Update: Following reports earlier this morning about a short-term deal to suspend America's debt ceiling, Senate Majority Leader Chuck Schumer was on the tape just a few minutes ago confirming that a short-term deal has indeed been reached, and that he hopes the Senate will vote on the measure Thursday.

Punchbowl News' Jake Sherman reports that the deal will raise the debt limit by $480 billion - the figure that Treasury says is required - to extend the deadline until Dec. 3, giving the Dems' a little bit of wiggle room to continue their divisive, bitter factional battle over President Biden's domestic agenda, which includes an infrastructure bill and an even larger expansion of the social safety net.

Senate Democrats have considered the debt deal a victory - with Sen. Elizabeth Warren exclaiming on Wednesday that "McConnell caved," adding "And now we're going to spend our time doing child care, health care, and fighting climate change."

https://www.zerohedge.com/political/default-averted-now-after-senate-reportedly-reaches-debt-ceiling-deal