Debt-Limit Prospects Gain as Parties Open to Short Deal
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U.S. lawmakers for the first time have embraced one possible path out of the fiscal impasse, a short-term deal to avoid default, even as they battle over how to make it happen.
The sticking point remains House Republicans’ demand that the deal include policy changes that cut spending; Senate Democrats reject anything beyond extending the debt ceiling. The government shutdown in its 10th day adds to the stakes.