GOP senator says deal in hand to avoid default

WASHINGTON (AP) - In speeches on the senate floor, Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell have announced a deal to end the government shutdown and avoid default by raising the nation's debt limit.

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A Republican senator says she understands Senate leaders have reached an agreement to avoid a Treasury default and reopen the government after a 16-day partial shutdown.

Sen. Kelly Ayotte of New Hampshire made her comments Wednesday as she walked into a meeting of Senate Republicans in leader Mitch McConnell's office.

Ayotte said the leaders would make a formal announcement.

The government would reopen through Jan. 15 and Treasury would be allowed to increase the nation's borrowing authority through Feb. 7.

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