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