Senator: Deal in hand to avoid default, end shutdown

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Posted: Tuesday, October 15, 2013 12:00 am

Senate leaders reached agreement Wednesday to avert a threatened Treasury default and reopen the government after a partial, 16-day shutdown, according to a Republican senator who also said the House might vote first on the plan to speed its approval.

The New York Stock Exchange soared on the news that the threat of default was easing in, rising nearly 200 points by late morning.

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