WASHINGTON — Both the Republican and Democratic leaders of the Senate are throwing their weight behind a debt-limit agreement sealed with President Barack Obama and top leaders of Congress.
Democratic Majority Leader Harry Reid said that both his party and opposition Republicans gave more ground than they wanted to. He said it'll take members of both political parties to pass the measure.
Minority Leader Mitch McConnell said that the pact "will ensure significant cuts in Washington spending" and he assured the markets that a first-ever default on U.S. obligations won't occur.
Both the leaders said they will brief their colleagues tomorrow on the details of the agreement.
- NORAD 'tracks' Santa's journey across globe
- Officer kills armed 18-year-old near Ferguson
- Sony broadly releases 'The Interview' in...
- Severe storms slam the South, killing at least 4
- Final goodbye: A roll call of some who died...
- Our six heroes of 2014
- Denver shelters cite legal pot in homeless...
- Women excised from public life, abused by IS
- Police boss: NYC cops 'quite simply,... 17
- NYPD: Cop ambush killer told passers-by... 15
- Going it alone, Obama rocked the boat... 13
- Pope in blistering critique of Vatican... 9
- Key developments in the case of slain... 9
- Officer kills armed 18-year-old near... 9
- Killings of 2 New York officers trigger... 6
- Senate, CIA agree torture program was... 6