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Senate Minority Leader Chuck Schumer talks with communications director Matt House following weekly policy luncheon at Capitol yesterday. Photo: Chip Somodevilla / Getty Images

It seems increasingly likely that a debt-ceiling increase will be attached to a budget deal that Senate negotiators from both sides hope to announce as soon as today.

The big picture: This means DACA will likely be dealt with — or not — on its own terms and not used as a hostage in a government shutdown stare-down.

  •  The two-year deal I expect McConnell and Schumer to strike: busting the budget caps on defense and domestic spending, raising the debt limit, plus funding for disaster relief and funding for community health centers.
  • Why it matters: That would be a pretty good deal for President Trump. Sure, the fiscal conservatives will hate it, but Trump has never been one of them.
  • The deal would expose the gap between Schumer and House Democratic Leader Nancy Pelosi: She wanted to hitch the immigration deal to the spending fight, while Schumer appears OK with allowing it to be separate.

How it's playing: WashPost lead story: "Senators say deal on budget is in sight" ... Wall Street Journal A1: "Senators Close In on a Budget Deal."

Go deeper

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: The good and bad news about antibody therapies — Fauci: Hotspots have materialized across "the entire country."
  2. World: Belgium imposes lockdown, citing "health emergency" due to influx of cases.
  3. Economy: Conference Board predicts economy won’t fully recover until late 2021.
  4. Education: Surge threatens to shut classrooms down again.
  5. Technology: The pandemic isn't slowing tech.
  6. Travel: CDC replaces COVID-19 cruise ban with less restrictive "conditional sailing order."
  7. Sports: High school football's pandemic struggles.
  8. 🎧Podcast: The vaccine race turns toward nationalism.
Dan Primack, author of Pro Rata
Updated 4 hours ago - Economy & Business

Dunkin' Brands agrees to $11B Inspire Brands sale

Photo: Alexi Rosenfeld/Getty Images

Dunkin' Brands, operator of both Dunkin' Donuts and Baskin-Robbins, agreed on Friday to be taken private for nearly $11.3 billion, including debt, by Inspire Brands, a restaurant platform sponsored by private equity firm Roark Capital.

Why it matters: Buying Dunkin’ will more than double Inspire’s footprint, making it one of the biggest restaurant deals in the past 10 years. This could ultimately set up an IPO for Inspire, which already owns Arby's, Jimmy John's and Buffalo Wild Wings.

Ina Fried, author of Login
6 hours ago - Technology

Federal judge halts Trump administration limit on TikTok

Illustration: Aïda Amer/Axios

A federal judge on Friday issued an injunction preventing the Trump administration from imposing limits on the distribution of TikTok, Bloomberg reports. The injunction request came as part of a suit brought by creators who make a living on the video service.

Why it matters: The administration has been seeking to force a sale of, or block, the Chinese-owned service. It also moved to ban the service from operating in the U.S. as of Nov. 12, a move which was put on hold by Friday's injunction.

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