After weeks of speculation on how/if a debt ceiling increase might come to a fruition before, or possibly after, the Treasury department runs out of cash, the latest reports from Washington DC seemingly suggest that Chuck Schumer and Nancy Pelosi may step in to save the day for a divided Republican Party that can’t seem to get out of its own way.

Source: Pelosi And Schumer Offer 3-Month Debt Ceiling Deal, Ryan Quickly Dismisses As “Unworkable” | Zero Hedge