Transcripts for CNN Legal View With Ashleigh Banfield 201310

CNN Legal View With Ashleigh Banfield October 16, 2013 15:02:00

mcconnell and democratic leader have come to an agreement on how to re-open the government and how to lift the debt ceiling so the country doesn't default. at this moment they're meeting to get wreefed on the deal. and shortly after that, maybe within the next hour, we do expect to be formally announced. the senate comes in at noon. so within an hour it's possible they'll go to the senate floor and talk about it there. it's possible we'll get a statement prior to that. but i think from the perspective of members of congress who are worried about the markets, what it says at the bottom of our screen for them is key. it says that a deal is reached. they're hoping that that will calm the markets. there was certainly concern about that after the house, which was on even more of a roller coaster than usual ended up pulling their bill last night. and what are the contours of the deal?

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