Just being reported by CNBC who have it from AP.

  • Senate is getting closer to a deal

Obama says there’s been progress negotiations but will see if it’s real when he meets leaders later today. Says it’s been recognised that difference won’t be bridged all at once.

It looks like something is starting to be cobbled together. Reports are saying that Reid wants at 2 month funding extension to get the government reopened and a 6 month ceiling lift, while on the other side Mitch McConnell wants a longer funding program for reopening the shutdown and 3 months on the debt ceiling. Without being a fly in the room I reckon we’ll be settling for somewhere in between. Either way whatever deal is done still has to be voted through, which could come as early as tonight.