Senate leader announces bipartisan budget deal

Senate leaders are optimistic about forging an eleventh-hour bipartisan deal preventing a possible federal default and ending the partial government shutdown after Republican divisions forced

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.

advertisement | advertise on News 12

Trending Video

VIDEO: News conference on arrest in murder of 1 VIDEO: News conference on arrest in murder of Sarah Butler
Republican Steve Rogers announces he will run for 2 Republican Steve Rogers announces gubernatorial run
Dozens of fellow officers show up to support 3 Dozens show up to support fired Wayne police officer
Khalil Wheeler-Weaver, 20, was charged with the murder 4 Arrest made in murder of college student found in W. Orange
5 VIDEO: Jersey City Pearl Harbor remembrance ceremony

advertisement | advertise on News 12

More News

The partial shutdown of the federal government has Shutdown plaguing woman's Sandy recovery

A Union Beach woman whose Sandy-damaged home is set to be torn down on Saturday

The federal government has been shut down for New Jerseyans feel let down by government shutdown

The federal government has been shut down for three days, and New Jerseyans are still

The race was set for Sunday and 1,200 Sandy Hook closure forces race cancellation

The closure of Sandy Hook park due to the government shutdown has forced the cancellation

The federal government shutdown is taking its toll Government shutdown impacts local breweries

The federal government shutdown is taking its toll on an unlikely industry - beer-making. The

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE