debt ceiling

Senator Debbie Stabenow
Photo courtesy of www.stabenow.senate.gov

Senate Majority Leader Harry Reed (D-Nev.) says a bipartisan deal has been reached, a deal that would avoid a U.S. default and it would end the partial government shutdown.

Speaking on the senate floor, Reed thanked Republican leader Mitch McConnell (R-Ky.) for working out the agreement, an agreement to reopen the government through January 15th and increase the nation’s borrowing authority through February 7th.

Now that the deal’s in place the House and Senate still need to vote to approve the legislation.

Michigan Democratic Senator Debbie Stabenow joined us today to give us her perspective on the issue.

Listen to the full interview above.

U.S. Congress / congress.gov

In today's top story in the New York Times, "officials from several states" described potential consequences should our representatives in Congress fail to meet Thursday's debt ceiling deadline.

Michigan's budget director says the state is preparing for the unknown.