U.S. SENATE News:
Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell announced an agreement has been reached to reopen the government and avert the nation’s first-ever default on U.S. debt.
The Senate’s bill will end an impasse that has shut down the government for 16 days.
According to news reports, Reid hailed the agreement saying that “in the end, political adversaries put aside their differences.”
Now the agreement must win approval in the Senate and then the House before reaching President Barack Obama’s desk, perhaps by the end of today to ensure there is enough cash on hand for all U.S. debt obligations and bills.
Republican and Democratic members of the House are meeting separately this afternoon to hear details of the proposal as well as weigh the next steps. A senior GOP Senate aide said the Senate vote could come sometime this evening and a House leadership aide said the House could vote as early as tonight following the Senate.
Both chambers will have to take special steps to get the legislation passed that quickly.