Senate Majority Leader Harry Reid Harry Mason ReidSenate Republicans signal openness to working with Biden Mellman: The likely voter sham Bottom line MORE (D-Nev.) is moving legislation to push the debt limit until Dec. 31, 2014, well beyond next year’s midterm election.

Senate aides estimate the bill would increase federal borrowing authority by about $1.1 trillion.

The administration estimates the nation would hit the upper bounds of its $16.7 trillion debt ceiling on Oct. 17, although in recent days, experts have said that deadline might be flexible.

Senate Republican Leader Mitch McConnell Addison (Mitch) Mitchell McConnellMcConnell focuses on confirming judicial nominees with COVID-19 talks stalled McConnell accuses Democrats of sowing division by 'downplaying progress' on election security Warren, Schumer introduce plan for next president to cancel ,000 in student debt MORE (Ky.) blasted Reid’s proposal for not including any spending reform.

“What he proposes is to raise the debt limit by $1 trillion but not do anything about the debt,” McConnell said. “Not a single reform to get spending under control. We’ve got a debt close to $17 trillion.

“Washington is borrowing nearly $2 billion — a day. And he’s fine with that,” he added.

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In 2011, President Obama insisted the debt limit be pushed until after the 2012 election so that he would not have to deal with it again before Election Day.

Now it is Senate Democrats who don’t want to face double jeopardy before voters decide whether they get to keep their majority.

Obama undercut Democrats Tuesday when he announced he would be willing to sign a short-term debt limit extension into law.

Several Senate Republicans, including Sens. Lindsey Graham Lindsey Olin GrahamThe Hill's Campaign Report: Arizona shifts towards Biden | Biden prepares for drive-in town hall | New Biden ad targets Latino voters Senate Democrats' campaign arm announces seven-figure investment to boost Graham challenger Graham: Comey to testify about FBI's Russia probe, Mueller declined invitation MORE (S.C.) and Saxby Chambliss Clarence (Saxby) Saxby ChamblissLobbying world GOP lobbyist tapped for White House legislative affairs The Hill's Morning Report - Gillibrand drops out as number of debaters shrinks MORE (Ga.), said they might support clean short-term debt-limit extensions to give leaders more time to negotiate.

Graham suggested an extension covering the next 30 to 45 days.