Shutdown deal in sight? Reid, McConnell optimistic

by Matt Kaludi | Tuesday, Oct 15, 2013 | 1812 views

WASHINGTON (AP) — Racing the clock, the Senate’s Democratic and Republican leaders closed in on a deal Monday night to avoid an economy-menacing Treasury default and end the two-week partial government shutdown.

Shutdown deal in sight Reid, McConnell optimistic

“We’ve made tremendous progress,” Senate Majority Leader Harry Reid declared after an intense day of negotiations with Senate Republican leader Mitch McConnell and other lawmakers. “Perhaps tomorrow will be a bright day,” he said, suggesting agreement could be announced soon after weeks of stubborn gridlock. McConnell also voiced optimism — although not as much as Reid, D-Nev., had — and the details under discussion generated little if any satisfaction among rebellious House conservatives. Officials said that in the discussion to date, the $16.7 trillion federal debt limit would be raised enough to permit the Treasury to borrow normally until mid-February, if not a few weeks longer. The government would reopen with enough money to operate until mid-January at levels set previously, and agencies would be given flexibility in adjusting to reduced funding levels imposed by across-the-board spending cuts.

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2 Comments so far. Feel free to join this conversation.

  1. john eway August 31, 2014 at 12:21 pm - Reply

    just testing this

    • eway August 31, 2014 at 12:22 pm - Reply

      test reply

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