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From MSNBC Politics by Michael O’Brien:
"Senate leaders said Wednesday that they had reached an agreement to end a protracted government shutdown and avert default on the national debt.
"The compromise we reached will provide our economy with the stability it desperately needs," Senate Majority Leader Harry Reid, D-Nev., said shortly after noon on the Senate floor.
Congress will now attempt to quickly advance the legislation throughout the day in hopes of avoiding default on the national debt.
Senate leaders jump-started negotiations over a compromise bill to reopen the government and raise the debt ceiling late Tuesday after House Republicans’ efforts to pass their own alternative crumbled in embarrassing fashion for GOP leaders."
From Huffington Post Sabrina Siddiqui:
"12:22 PM – Today
Cruz Won't Delay Either
Sen. Ted Cruz (R-Texas) said he will not block a deal in the Senate to end the shutdown and avert default.
"Of course not, I never intended to delay this vote," Cruz told reporters. "The timing would not impact the outcome."
Cruz railed against the deal nonetheless, and said he will vote against it, declaring it an example of how the "Washington establishment" had failed the American people."
12:16 PM – Today
Lee Won't Hold Up Deal
BREAKING: Sen. Mike Lee indicates he won't hold up Senate deal. "I don't have a problem with collapsing time" once he reads bill.- Kasie Hunt (@kasie)
NYT: Signs Indicate That Obama’s Debt Ceiling Gamble May Be Paying Off http://t.co/BwWyLU2EB8 #EndThisNow @SpeakerBoehner! You've LOST!
— Becky Carrizales (@bcarrz) October 16, 2013
Guess what you got after your extortion attempt? Oh that's right, nothing. #EndThisNow
— Grand Old Parody (@GrandOldParody1) October 16, 2013
Let the #GOPshutdown serve as a warning. Listening to @tedcruz destroys brain cells. Just say no to @tedcruz. #EndThisNow
— Brian Henry (@Brian8473) October 16, 2013
#GOPshutdown: 1 million jobs lost, 800,000 paychecks jeopardized, $1Billion wasted. That's why Ted Cruz took no questions #Shutdown
— Lauren Victoria (@Crewof42) October 16, 2013
Ted Cruz’s Hometown Paper Retracts its 2012 Endorsement "Cruz has been part of the problem" #shutdown http://t.co/0FmdPAv35y via @ellievhall
— Rachel Coyle (@RRuby44) October 16, 2013
Ted Cruz holds press conference at the exact time that McConnell takes the Senate floor to announce the deal. What a douche. No respect.
— David Chertcoff (@DChertcoff) October 16, 2013
The deal mirrors an agreement the leaders had neared Monday, allowing the U.S. Treasury to have authority to continue borrowing and extend the debt limit through February 7, and the government allow the government to fully and immediately reopen and keep the agencies open through January 15. Both legislative chambers are expected to vote on and pass the bill throughout the day and avoid defaulting on America's Deal Ceiling.
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