U.S. senate leaders will not announce deal on Tuesday

FXstreet.com (Barcelona) - Despite the latest reports sounded optimistic about Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell finalizing a deal to avoid a default on U.S. debt and reopen the government, headlines crossing the wires suggest that U.S. senate leaders will not announce deal on Tuesday.

Market participants will have to continue on 'wait and see mode' until the political conundrum clears up and a bill to raise the debt ceiling and fund government is finally accepted. Senator McConnell spokesman said "Senate leaders...are optimistic an agreement can be reached." Meanwhile, according to Manu Raju and Burgess Everett from Politico: "The deal is essentially done, sources say, as aides for the two leaders finish drafting the legislative language Tuesday night."