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Senate leaders optimistic about budget deal

After weeks of stubborn gridlock, the Senate's top two leaders raced on Monday to reach an agreement that could head off a Treasury default that threatens severe national economic damage and reopen the government after a two-week partial shutdown.

By David Espo | Updated on October 14, 2013
Senate Minority Leader Sen. Mitch McConnell, R-Ken., leaves the office of Senate Majority Leader Sen. Harry Reid, D-Nev., on Capitol Hill on Monday, Oct. 14, 2013 in Washington. (AP Photo/ Evan Vucci)

WASHINGTON (AP) — After weeks of stubborn gridlock, the Senate’s top two leaders raced on Monday to reach an agreement that could head off a Treasury default that threatens severe national economic damage and reopen the government after a two-week partial shutdown.

As a midweek deadline neared, the stock market turned positive on bullish predictions from the two longtime antagonists at the center of the talks, Majority Leader Harry Reid for the Democrats Republican leader Mitch McConnell for the GOP.

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