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Deal to avoid default may be close

3 years 3 months 4 days ago October 16, 2013 Oct 16, 2013 Wednesday, October 16 2013 October 16, 2013 9:20 AM in News
Source: Associated Press

WASHINGTON - A Republican senator says she understands Senate leaders have reached an agreement to avoid a Treasury default and reopen the government after a 16-day partial shutdown.

Sen. Kelly Ayotte of New Hampshire made her comments Wednesday as she walked into a meeting of Senate Republicans in leader Mitch McConnell's office.

Ayotte said the leaders would make a formal announcement.

The government would reopen through Jan. 15 and Treasury would be allowed to increase the nation's borrowing authority through Feb. 7.

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