July 31, 2011
According to Politico congressional leaders have reached a deal to raise the debt ceiling:
Opening the Senate at noon, Majority Leader Harry Reid (D-Nev.) said he was “cautiously optimistic.” And after a lengthy afternoon meeting between Reid and House Minority Leader Nancy Pelosi (D-Calif.), Democrats said the two leaders were receptive to the outlines of the agreement largely negotiated by McConnell through Vice President Joe Biden.
Later, Reid’s office issued a statement that said: “Sen. Reid has signed off on the debt ceiling agreement pending caucus approval.”