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Senate Inches Closer To A Budget Deal02:55
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Senate Majority Leader Sen. Harry Reid, D-Nev., is surrounded by reporters after leaving the office of Senate Minority Leader Sen. Mitch McConnell, R-Ken., on Capitol Hill on Monday, Oct. 14, 2013 in Washington. (Evan Vucci/AP)
Senate Majority Leader Sen. Harry Reid, D-Nev., is surrounded by reporters after leaving the office of Senate Minority Leader Sen. Mitch McConnell, R-Ken., on Capitol Hill on Monday, Oct. 14, 2013 in Washington. (Evan Vucci/AP)

As the October 17th deadline nears, Senate leaders said late last night that they were closing in on a deal to raise the debt ceiling and end the government shutdown.

The Senate deal would be a temporary solution — extending the Treasury Department's borrowing authority until February 7.

The big question now is whether or not the House will approve of the Senate compromise.

Guest

This segment aired on October 15, 2013.

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