Debt Deadline: Deal Moves Foward

Debt Deadline: Deal Moves Foward

Senate pushes plan to raise debt ceiling and re-open the government.
(NBC News)  After weeks of fighting, Senators have announced a bipartisan plan to to raise the country's borrowing limit and re-open the government.

The agreement re-opens the government through mid January and extends the debt limit through February 7th.

It's also includes a mid-December deadline for lawmakers to address longer term spending concerns.

Senators had to step up after Republican leader John Boehner caved to conservative pressure yesterday, ending hope for a deal out of the house.

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