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Fiscal agreement said to be emerging as Senate leaders try to thrash out a deal

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Fiscal agreement said to be emerging as Senate leaders try to thrash out a deal

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There appears to be a slight coming together on Capitol Hill. Talks to reopen the government and to prevent a damaging default on the federal debt are said to be showing signs of producing a deal.

The men with the future of the US economy in their hands are Senate Leaders Harry Reid and Mitch McConnell.

“I’m very optimistic that we will reach an agreement that’s reasonable in nature this week to reopen the government, pay the nation’s bills and begin long term negotiations to put our country on sound fiscal footing,” said Harry Reid, Democratic Senate Majority Leader:

Republican Senate Minority Leader, Mitch McConnell added:

“Let me just echo the remarks of the majority leader, we’ve had an opportunity over the last couple of days to have some very constructive exchanges of views about how to move forward. Those discussions continue and I share his optimism.”

President Barack Obama postponed a meeting with Congressional leaders on Monday to allow them more time to thrash out a resolution. As he toured a soup kitchen in Washington he warned of the devastating effect missing the October 17 deadline would have on the economy.