GOP Senator Says Deal In Hand To Avoid Default

amazing

CBS New York

[worldnow id=9421651 width=420 height=266 type=video]

UPDATE:Congress passes bill to reopen government, avert default

WASHINGTON (CBSNewYork/AP) — Senate leaders announced a last-minute agreement Wednesday to avert a threatened Treasury default and reopen the government after a partial 16-day shutdown. Congress was working to pass the measure by day’s end.

The Dow Jones Industrial Average soared on the news that the threat of default was fading and closed up more than 205 points on the day after it was announced a deal was reached.

“This is a time for reconciliation,” said Senate Majority Leader Harry Reid of the agreement he had forged with the GOP leader, Sen. Mitch McConnell of Kentucky. “It’s never easy for two sides to reach consensus. It’s really hard. Sometimes it’s harder than others. This time was really hard.”

WEB EXTRA: BUDGET BATTLE PHOTO GALLERY

The deal would reopen the government through Jan. 15 and increase the nation’s borrowing…

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About sweetmelissa1954

Love family, life, Starbucks and change! Transition is the new norm....learning to go with the flow and embrace each day...I love politics, news and Bruce Springsteen! I write about life, Hawaii, coffee, sibling rivalry, politics, friends, care giving and just another day!
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