01 Aug '11, 12am

US Senate 'really close' to a debt ceiling deal - TODAYonline

WASHINGTON - United States Senate majority leader Harry Reid has tentatively signed off on the budget deal being negotiated with top Republicans by the White House, moving Congress closer to taking up a measure that could pass both the House and Senate with bipartisan support and be signed by President Barack Obama, averting a fiscal calamity. A top aide to Mr Reid said late yesterday evening (this morning, Singapore time) that the majority leader was backing the plan pending approval by most Senate Democrats, who were awaiting a briefing on the details. Following a meeting with Representative Nancy Pelosi of California, the House Democratic leader, Mr Reid also told reporters that he hoped to have a vote on the plan as early as today. "We're really, really close to an agreement, and we'll let you know when we get it," Senate Republican leader Mitch McConnell told reporter...

Full article: http://www.todayonline.com/World/EDC110801-0000067/US-Sen...

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