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Parties agree to debt-ceiling deal, pending votes in Congress

Senate Majority Harry Reid and Senate Minority Leader Mitch McConnell announced Sunday night that they had come to an agreement on a deal that would raise the debt limit and reduce the deficit.

McConnell Sees Debt Deal ‘Very Close’ as Senate Nears Vote

Senator Mitch McConnell, the key Republican negotiator, expressed optimism that a $3-trillion deal could be reached to avert a federal default. A Senate procedural vote is scheduled for 1 p.m.

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Obama to meet top lawmakers on debt

President Barack Obama and Vice President Joe Biden will meet Monday with Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell to discuss "the status of the negotiations to find common ground on a balanced approach to deficit reduction," according to the White House.

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