Senate Announces Deal To End Government Shutdown, Lift Debt - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

Senate Announces Deal To End Government Shutdown, Lift Debt Ceiling

Posted: Updated:
Senate Majority Leader Harry Reid, D-Nev., (pictured) and Minority Leader Mitch McConnell, R-Ky., formally unveiled a plan Wednesday. Senate Majority Leader Harry Reid, D-Nev., (pictured) and Minority Leader Mitch McConnell, R-Ky., formally unveiled a plan Wednesday.
WASHINGTON -

With hours left for Congress to finalize and pass legislation before the United States' borrowing authority expires, Senate Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., formally unveiled a plan Wednesday that will fund the government through Jan. 15 and lift the debt limit through Feb. 7.

The pair started negotiating earlier this week after attempted talks between President Obama and House Republicans failed to come together. After coming close to a deal on Monday evening, they stepped aside Tuesday to allow the House to attempt to negotiate a solution. When the GOP leadership failed to craft a plan that could win sufficient Republican support, Reid and McConnell were back in the spotlight.

After he announced the agreement, Reid called for Congress to unite after weeks of bitter partisanship.

"This is not a time for pointing fingers and blame. This is a time of reconciliation," he said. "I look forward to working with my colleagues on both sides of this great Capitol to pass this remarkable agreement that will protect the long term health of our economy and avert a default on our nation's debt, and allow us to set a foundation for economic expansion."

"What we've done is sent a message to Americans from every one of our fifty states, but in addition to that, to the citizens of every country in the world, that the United States lives up to its obligations," he said.

McConnell claimed victory for Republicans in the fact that the sequester cuts mandated by the Budget Control Act were preserved, and assured the party he is committed to fighting to repeal Obamacare.

"Republicans remain determined to repeal this terrible law, but for today the relief we hope for is to reopen the government, avoid default and protect the historic cuts we achieve under the Budget Control Act," he said. "This is far less than many of us had hoped for, frankly, but its far better than what some had sought. Now it's time for Republicans to unite behind other crucial goals."

Read more on CBSNews.com

 

Special Features

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

Politics

Breaking political news & the latest headlines from the state capitol & D.C.

Radars

See where weather is happening using our live interactive radars.

Technology

Spend your money wisely with reviews of new tech gadgets & the latest news in technology.

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive

Special Coverage

  • Bridge Tracker

    How safe are Oklahoma's bridges? Use Bridge Tracker to find out now.

  • Fallen Heroes

    News 9 honors our fallen Oklahoma heroes. View our interactive timeline.

  • Murrah Bombing Timeline

    Learn more about the events leading up to and following the bombing.

  • Storm Zone

    Watch tornadoes tear across Oklahoma and learn how to stay safe!

  • Traffic

    Tired of waiting for a traffic report? Get it now with our Live traffic map!

Powered by Frankly
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111
News9.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.