Aides to Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) confirmed the two had reopened talks that were put on hold earlier to allow the House to act first.
A Senate Democratic aide told The Huffington Post on Tuesday evening that a deal between the two was "imminent."
The aide said the deal would hew closely to those earlier talks between Reid and McConnell. It would fund the government through Jan. 15, raise the debt ceiling through Feb. 7, and mandate both chambers appoint budget conferees to produce a broader framework for deficit reduction by Dec. 13. (The aide noted that having a deadline on Friday the 13th didn't bode well for the framework's chances.) A second Democratic aide, who confirmed the substance of the deal, added that because of parliamentary quirks, the budget conference language may be considered as an addendum, and not part of the deal itself. read more...
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