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Senate Leaders Near Deal to End Shutdown, Raise Debt Limit

HeadlineOct 15, 2013

Senate leaders say they are nearing a deal to reopen the federal government after two weeks of a partial shutdown. The draft measure would temporarily raise the nation’s borrowing limit and fund the federal government, while setting a deadline to hash out a long-term spending plan. Democratic Senate Majority Leader Harry Reid and his Republican counterpart, Mitch McConnell, praised each other on Monday.

Sen. Harry Reid: “I’m very optimistic that we reach — we will reach an agreement that’s reasonable in nature this week to reopen the government, pay the nation’s bills and begin long-term negotiation to put our country on sound fiscal footing. I deeply appreciate my friend, the minority leader, for his diligent efforts to come to an agreement.”

Sen. Mitch McConnell: “Let me just echo the remarks of my good friend, the majority leader: We’ve had an opportunity over the last couple of days to have some very constructive exchanges of views about how to move forward.”

It’s unclear whether House Republicans will support the plan even as a deadline approaches this Thursday to raise the debt ceiling or risk default.

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