Congress closing in on a deal to avert US default
AP By STEVEN R. HURST – Associated Press
WASHINGTON (AP) — Top Democrats in both houses of Congress emerged from a Sunday afternoon crisis meeting, with the party’s leader in the Senate saying he hoped the upper chamber would vote soon on a compromise deal that would raise the nation’s borrowing limit and avert an unprecedented default on its debt.
Senate Majority Leader Harry Reid told reporters who flocked around him as he left the office of Rep. Nancy Pelosi, the Democratic leader in the House, that he hoped there would be a vote on the plan Sunday night.
Reid later issued a statement saying he had signed off on a pending agreement , subject to approval by the Democratic rank and file in the Senate.