The latest developments in the US debt fight:
- Senate leaders are closing in on a deal to reopen the government and extend the U.S. debt ceiling until next year
- Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell were discussing a proposal to reopen the government until Jan. 15 and extend the national debt limit until Feb. 7. But major fiscal decisions would be punted for a later time.
- growing expectations that a deal was imminent
- BUT – the prospects for the emerging Senate deal in the GOP-led House are far from certain
