Senate Reaches Deal to End Shutdown, Avoid Default

cnn.com - by Tom Cohen - October 16, 2013

Washington (CNN) -- Senate leaders on Wednesday announced a deal to end the partial government shutdown and avoid a possible U.S. default as soon as the end of this week, and a key GOP conservative said he wouldn't try to block the measure.

The news of a deal brought some relief to Wall Street as well as Washington, where the shutdown reached a 16th day with the government poised to lose its ability to borrow more money to pay bills on Thursday.

Senate Majority Leader Harry Reid hailed the agreement he worked out with his GOP counterpart Mitch McConnell as "historic," saying that "in the end, political adversaries put aside their differences."

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