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Transcripts For CNBC Closing Bell 20131014

Congressional leaders as leaders in the Senate Continue to try and hammer something out. We just found out minutes ago the meeting that was scheduled for right now has been postponed. Lets get to john harwood whos there at the white house with the very latest. I guess the way were reading this is, theyre making progress. Lets give them time to continue that, right . Reporter necessity want to get all four leaders, reid, mcconnell, pelosi and the president in a room to move forward. What i learned from a leadership aide is the likely contents of that deal. One would be a reopening of the government with a Government Spending bill that would last to january. That is more in line with what democrats have wanted. They want a shorter deal so they can negotiate higher spending levels in talks with the republicans. Higher shortterm spending in return for higher entitlement cut ....

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