Senate Republican head seeks budget caps deal soon

Senate Republican leader Mitch McConnell said on Tuesday he hoped Congress could reach by the end of the day a two-year agreement on budget caps that would also lift the nation's debt ceiling.

"Our hope is to make a deal before the day is over," he told reporters. "The agreement would be a two-year caps deal which would allow us to go forward with some semblance at least of a regular appropriations process. It would also in all likelihood include the debt ceiling."