Sen. Harry Reid: Compromise reached to reopen government
Republican Sen. Ted Cruz, who had earlier opposed any compromise unless it defunded Obamacare, said he does not intend to delay consideration of the measure, which is expected to be approved later in the day by the Republican-led House of Representatives.
Aides to House Speaker John Boehner called senior Senate staff earlier in the day to say the House would vote first on the measure, the aide said, adding that it appears certain to be approved with mostly Democratic votes.
The Dow Jones industrial average rose 193.43 points, or 1.28 percent, to 15,361.44, the S&P 500 gained 22.51 points, or 1.33 percent, to 1,720.57 and the Nasdaq Composite added 44.271 points, or 1.17 percent, to 3,838.281.
"The House can't pass anything," Ayotte said Tuesday night. "What has been most disappointing is that the House can't even act."
Ayotte, a Republican, has played a key role in negotiations as a member of a group of 12 senators trying to find middle ground and as a co-host — along with fellow New Hampshire Sen. Jeanne Shaheen, a Democrat — of an informal meeting of women in the Senate last week. Ayotte's efforts were featured in articles Tuesday in the New York Times and Washington Post.
Shaheen was also quoted Tuesday in media reports as saying she was disappointed in the House's inability to pass a bill for the Senate to consider.
"We hosted it just to try to bring people together," she said.
She said she holds out hope that something will be done in time to avoid a default on U.S. obligations — the Treasury Department has said it will run out of money on Thursday — and to end the government shutdown, which began Oct. 1.
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