U.S. Senate leaders said Wednesday that they reached a bipartisan agreement to end a 16-day government shutdown and avert default on the national debt.
Congress will now attempt to quickly advance the legislation in hopes of avoiding default on the national debt and reopening the government tomorrow.
Crucially, conservatives in the Senate, particularly Texas Sen. Ted Cruz, said they would not use procedural tactics to slow a vote on the legislation.
That brightens the odds of a quick solution on the bipartisan deal to reopen the government through mid-January and raise the debt ceiling until February.
Its exact path through both chambers and prospects for passage are still uncertain, however, and nothing has been officially signed as of now.