(WASHINGTON) — Members of Congress reached an agreement Thursday that could stave off the threat of government shutdown.
Senate leader Harry Reid, D-Nev., said Thursday that Democrats are preparing a proposal for a two-month extension of the payroll tax cut as well as an extension of unemployment benefits and the “doc fix.”
Meanwhile, a key source said Democrats would sign a megabus conference report Thursday so that it can be filed in the House. The $1 trillion spending plan could be approved by the House Friday — and then by the Senate later that same day — to avert a threatened shutdown Friday night.
Copyright 2011 ABC News Radio
Andreas Preuss, CNN
Holly Yan, Paul Vercammen and Madison Park, CNN
Michael Nedelman, CNN
Matt McFarland, CNN