Senate leaders reportedly nearing a deal on shutdown, debt ceiling

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Senate leaders are reportedly close to a deal that would reopen the government for a few months and extend the U.S. debt ceiling.

The breakthrough comes just days before the U.S. is slated breach its debt limit – running out of money to pay its bills.

Politico reports that “in a furious round of last-ditch negotiations” Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell have been hammering out a proposal to reopen the government until Jan. 15 and extend the national debt limit until Feb. 7.

The plan would also establish talks between the two chambers of Congress on key deficit issues.

Even if a deal does pass a Senate vote, it wil still need to be OK’d in the House and Speaker John Boehner will have to decide whether to bring it to fhe floor.

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