Transcripts for CNN Anderson Cooper 360 20211007 04:31:00 :

CNN Anderson Cooper 360 October 7, 2021 04:31:00

offered a short-term suspension of the debt ceiling. a deal democrats say they will accept. cnn's ryan nobles joins us now. so talk about how this happened, what's the latest? >> reporter: yeah, well, they're still working out the finer points of this negotiation, anderson. the senate minority leader mitch mcconnell left about 30 minutes ago, he said they're trading paper, trying to figure out a path both sides can agree to in what will essentially be a temporary fix to this problem. and what mcconnell is offering is that he would allow a bill that would extend the debt ceiling in exchange for it just being temporary and being assigned to a specific number that they would allow the debt ceiling to rise to. now, the democrats have cautiously agreed to that. but they are concerned that it's going to come with some additional addendums that mcconnell, for instance, is going to force them to pass it on a more long-term basis through the reconciliation process, which they are opposed to, so, that's what they are hashing out right now. exactly what form and fashion

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