Sen. Reid hopes to present fiscal plan to Obama Monday

BY newsdesk  October 14, 2013 at 12:43 PM EST

Reuters — Senate Majority Leader Harry Reid on Monday voiced optimism over progress in urgent fiscal negotiations, saying he hoped to be able to present a new proposal to President Barack Obama later in the day.

The Democratic leader, who emerged from a half-hour meeting with Senate Republican leader Mitch McConnell, was asked by reporters whether he would go to the White House armed with a plan to end a 14-day-old partial government shutdown and to raise the limit on government borrowing.

“I hope so,” Reid responded. He and McConnell are set to meet with Obama at 3 p.m. ET, along with House of Representatives Speaker John Boehner and House Democratic leader Nancy Pelosi.