Reuters: Politics: Tentative U.S. Senate to raise debt limit until February 15 - source

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Tentative U.S. Senate to raise debt limit until February 15 - source Oct 14th 2013, 20:25 WASHINGTON | Mon Oct 14, 2013 4:25pm EDT WASHINGTON (Reuters) - Democratic and Republican senators are working on a fiscal deal that would extend U.S. borrowing authority at least through mid-February and provide government funding until mid-January to end a two-week government shutdown, according to a source familiar with the negotiations. The tentative framework, which is not finalized and could change, would also set up a new round of deficit-reduction negotiations that would try to strike a bargain by year's end. The source, who asked not to be identified, said negotiators were still bargaining over whether the February 15 date for the debt limit extension would be a firm deadline or whether the Treasury Department would be allowed to use "extraordinary measures" to extend borrowing beyond that date, as it has done in the recent past.

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