Following the news that House Republicans have canceled a vote on a GOP plan to end the budget stalemate, Senate leaders Harry Reid (D., Nev.) and Mitch McConnell (R., Ky.) are re-upping their efforts to craft an agreement.
“Senator Reid and Senator McConnell have re-engaged in negotiations and are optimistic that an agreement is within reach,” said Reid spokesman Adam Jentleson. “Given tonight’s events, the leaders have decided to work toward a solution that would reopen the government and prevent default,” added Don Stewart, McConnell’s spokesman. “They are optimistic an agreement can be reached.”
As of Monday evening, the Senate leaders were said to be close to a deal. According to the Treasury Department, the country’s borrowing authority will run out on October 17.