Senate Majority Leader Chuck Schumer schedules a first vote on a short-term debt ceiling increase for Thursday night, after Senate Minority Leader Mitch McConnell reached an agreement with Schumer.
A second vote, for final passage of the measure, is also scheduled for tonight, Bloomberg reported.
Republicans, though, were still working to gather the 10 votes needed to advance the deal, the AP reports.
Under the agreement, the debt ceiling will be increased by about $480B, the AP said, citing a Senate aide familiar with the negotiations. That increase will allow the Treasury to fund the government through Dec. 3, the Treasury Department has said.
McConnell has been insisting that the Democrats use the reconciliation process to address the debt limit. The short-term increase should give the Democrats enough time to raise the debt ceiling through that process.
Any measure to eliminate or suspend the debt ceiling would have required 60 votes in the Senate, meaning at least 10 Republicans would have to support such a bill.