10 things you need to know today: October 12, 2013

Republicans claim progress on a debt deal, hundreds are rescued after a boat sinks near Italy, and more

John McCain
(Image credit: (Win McNamee/Getty Images))

1. GOP senators optimistic after meeting at the White House

A number of Senate Republicans emerged from a meeting with President Barack Obama on Friday confident that a deal on the debt ceiling would be worked out before the U.S. government is expected to hit its borrowing limit on Oct. 17. Ideas floated by Republicans included a six-month stop-gap spending bill and the repeal of an ObamaCare tax on medical devices. Sen. Susan Collins (R-Maine) said Obama described the talks as "constructive." [New York Times]

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Keith Wagstaff is a staff writer at TheWeek.com covering politics and current events. He has previously written for such publications as TIME, Details, VICE, and the Village Voice.