Washington, Oct 7 (TIWN) US Senate Republicans have proposed extending the federal government's debt limit into December in order to avert a looming debt default, local media reported on Thursday.

Democrats appeared prepared to accept the offer to extend the limit until December, according to multiple Democratic senators and two senior Republican aides.  McConnell proposed Wednesday that Republicans would not filibuster an extension of the debt limit "into December" as long as Democrats put a dollar amount on the increase, giving them more time to enact a long-term solution on their own.  "This will moot Democrats’ excuses about the time crunch they created and give the unified Democratic government more than enough time to pass standalone debt limit legislation through reconciliation," McConnell, R-Ky., in a statement.