Senate leader announces bipartisan budget deal

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Associated Press

WASHINGTON (AP) - Democratic leader Harry Reid says Senate leaders have reached a bipartisan deal to avoid default and end the government shutdown, now in its 16th day.
   
Reid made the announcement at the start of the Senate session on Wednesday.
   
The deal would reopen the government through Jan. 15 and increase the nation's borrowing authority through Feb. 7.
   
Reid thanked Republican leader Mitch McConnell for working out an agreement.

Earlier story:

WASHINGTON (AP) - 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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