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Senate Majority Leader Mitch McConnell, R-Ky., right, listens as President Donald Trump speaks during a meeting with Congressional leaders and administration officials on tax reform, in the Roosevelt Room of the White House, Tuesday, Sept. 5, 2017. Photo: Evan Vucci/AP

Sen. Mitch McConnell told the New York Times that the spending deal Democrats made with President Trump "is not quite as good" as they thought because it will push off the next debt-limit debate until well into 2018. McConnell says he preserved Treasury Dept. powers to use measures to delay an eventual need to raise the limit again

Why it matters: Republicans were furious about Trump's spending and debt-limit deal with Democrats because it pushed the the next debt-limit and spending debate into December when immigration issues could also come up. McConnell said that won't be the case. "I think I can safely say the debt ceiling and the spending issue in December will be decoupled because the debt ceiling will not come up until sometime in 2018," he told the Times.

What to watch for next: Democrats are skeptical McConnell will follow through because it "would put Republicans on the spot," and push the fight into an already-difficult midterm election year, the Times wrote.

Go deeper

1 hour ago - Health

U.S. surpasses 25 million COVID cases

A mass COVID-19 vaccination site at Dodger Stadium on Jan. 22 in Los Angeles, California. Photo: Mario Tama/Getty Images

The U.S has confirmed more than 25 million coronavirus cases, per Johns Hopkins data updated on Sunday.

The big picture: President Biden has said he expects the country's death toll to exceed 500,000 people by next month, as the rate of deaths due to the virus continues to escalate.

GOP implosion: Trump threats, payback

Spotted last week on a work van in Evansville, Ind. Photo: Sam Owens/The Evansville Courier & Press via Reuters

The GOP is getting torn apart by a spreading revolt against party leaders for failing to stand up for former President Trump and punish his critics.

Why it matters: Republican leaders suffered a nightmarish two months in Washington. Outside the nation’s capital, it's even worse.

Erica Pandey, author of @Work
6 hours ago - Economy & Business

The limits of Biden's plan to cancel student debt

Data: New York Fed Consumer Credit Panel/Equifax; Chart: Axios Visuals

There’s a growing consensus among Americans who want President Biden to cancel student debt — but addressing the ballooning debt burden is much more complicated than it seems.

Why it matters: Student debt is stopping millions of Americans from buying homes, buying cars and starting families. And the crisis is rapidly getting worse.