Senators closing in on deal to reopen government
WASHINGTON - Senate leaders are closing in on an agreement to reopen the government and forestall an economy-rattling default on U.S. obligations.
Congressional aides predicted Majority Leader Harry Reid of Nevada and GOP leader Mitch McConnell of Kentucky would seal an agreement Tuesday, just two days before the Treasury Department says it will run out of borrowing capacity.
The emerging pact would reopen the government through Jan. 15 and permit the Treasury to borrow normally until early to mid-February, easing dual crises that have sapped confidence in the economy and taken a sledgehammer to the GOP's poll numbers.
Many House conservatives were unhappy about the emerging Senate framework, though it remained to be seen whether they would seek to change it.