Reid's spokesman says deal has been reached on debt ceiling

Reuters is reporting that Reid hopes to have a vote tonight, but he will only support it if the other Democrats do. That's leadership for ya!

One other teeny, tiny little snag: How to get to 216 votes in the House. Details, details ...

2:40 PM PT: One more snag, courtesy of Boehner:

House Speaker John A. Boehner was attempting to scale back the $350 billion in immediate Pentagon cuts that would be included in the initial $1 trillion in spending cuts. Democrats said Mr. Boehner was also trying to minimize the amount of automatic cuts to defense spending that would occur if a special congressional committee was unable to reach a broader agreement later this year.

Senator Mitch McConnell of Kentucky, the Republican leader, has already agreed to the defense cuts, according to Democratic leadership aides. Democratic lawmakers were urging the White House to stand firm against Mr. Boehner’s demands, they said.