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Senate leaders reach deal to avoid default, end shutdown – John Boehner to Bring Bill to the House Floor

Senate leaders reach deal to avoid default, end shutdown

John Boehner to bring Bill to the House Floor

The United States government could soon be back in business. According to a Republican member of the US Senate, lawmakers in Washington have reached an agreement that will re-open the government and save the country from default.

Sen. Kelly Ayotte (R-New Hampshire) told the Associated Press early Wednesday that leaders in her chamber reached a deal that would end a shutdown now in its second week, while also raising the nation’s debt ceiling and in turn increasing the country’s ability to borrow from international lenders.

CNBC reported soon after that Republican Party senators planned to announce an agreement at 12p.m. EDT that afternoon.

Sources who spoke with reporters at Politico Wednesday morning said the GOP-controlled House of Representatives would then weigh in on the bill, paving the way for all but certain approval in the Senate. According to Reuters, however, Rep. Kevin McCarthy (R-California) cautioned that “no decisions have been made yet” ahead of the afternoon press conference.

A deal would keep the government open through at least January 15, the AP reported, and the debt ceiling would be raised through February 7.

read more at cnn live

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