￼SENATE leaders announced on Wednesday that they have reached a deal to end the government shutdown and avoid a possible U.S. default.
Formal announcement of the agreement was announced at 12 noon ET on the Senate floor.
Their bill must also pass the House, where a small group of Republicans are expected to join Democrats to send the bill to President Barack Obama.
The bill extends the federal borrowing limit until 7 February and funds the government to 15 January.
It comes just a day before the deadline to raise the $16.7tn (£10.5tn) limit.
Republican leaders convened the Senate’s full GOP caucus in the morning, and Sen. Kelly Ayotte of New Hampshire said on her way in that the announcement would be coming.
“I understand that they’ve come to an agreement but I’m going to let the leader announce that,” Ayotte said.
Exact details of the Senate plan were not known. Nor was it clear how the Senate and House would proceed in considering the measure.
Both chambers would have to take special steps to get the legislation passed and to President Barack Obama’s desk before the government’s ability to borrow money expires on Thursday.
Posted by SirVic for wetopup(News Laboratry)