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11/30/2021, 3:07 AM (Source: TeleTrader)
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US Senate to tackle debt ceiling next week - report

Senate Majority Leader Chuck Schumer (pictured right) said he is still negotiating the debt ceiling increase with Senate Minority leader Mitch McConnell (left), CNN reported. The United States government is facing a deadline after Congress previously agreed to a short-term extension until December 15.

Schumer reportedly said the issue "will likely be dealt with next week." Previously, Treasury Secretary Janet Yellen came out in support of the Democratic lawmakers raising the debt ceiling on their own if they cannot reach a deal with Republicans.

Baha Breaking the News (BBN) / DJ