Report: Senate Close to Budget, Debt Agreement

Capitol_BuildingSenate leaders have hinted the chamber is closing on a deal to end the federal shutdown and avoid a possible default later in the week, the Chicago Tribune reported Monday.

Both Democratic Majority Leader Harry Reid and Republican Minority Leader Mitch McConnell expressed optimism about a bipartisan agreement after a round of budget talks Monday, according to the report.

“We hope that with good fortune … that perhaps tomorrow will be a bright day,” Reid said, according to the Tribune.

The Tribune reports the Senate proposal would extend government funding through mid-January and the U.S.’ borrowing authority at least through mid-February.

House Majority Leader Eric Cantor (R-Va) told reporters Monday that Republicans will hold a closed-door session Tuesday “to discuss a way forward,” the report said.

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