Senate Leaders Discuss Deal to Avert Default, Reopen Government - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Senate Leaders Discuss Deal to Avert Default, Reopen Government

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The Senate's Democratic and Republican leaders are discussing a possible deal to head off a midweek default and end the 14-day partial government shutdown.

Under the terms they're discussing, the $16.7 trillion debt limit would be raised enough to permit the Treasury to borrow normally at least until mid-February, and the government would reopen with enough funds to operate until mid-January.

Officials say some thought is also being given to repealing a $63 fee that companies must pay for each person they cover under the big health care overhaul.

The White House says a meeting between Obama and congressional leaders has been postponed to give Senate leaders more time to resolve a standoff over the nation's debt and the partial government shutdown.
Obama was scheduled to meet Monday afternoon at the White House with the Democratic and Republican leaders in the House and Senate. A new day or time for the meeting wasn't announced.
The last meeting between Obama and the congressional leaders was Oct. 2.

Senate Majority Leader Harry Reid earlier said he's getting closer to a deal with Republican leader Mitch McConnell. Reid made the comments to reporters on Monday after emerging from a meeting with McConnell that lasted just over a half hour.

Meanwhile, the government shutdown is slowing the wheels of justice in federal courts.
Civil cases have been delayed and prosecutors are working with skeleton staffs.
But criminal cases are still moving ahead and so are most bankruptcy cases and appeals. (AP

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