experienced capitol hill brawlers, senate majority leader harry reid and minority leader mitch mcconnell may have found the path to budget peace in washington. >> we are not there yet, but tremendous progress and everyone just needs to be patient. >> reporter: both men shared the news on the senate floor that they are close to a deal that would both reopen the government and raise the nation's debt ceiling before potential default in less than two days. >> i think it's safe to say we've made substantial progress and we look forward to making more progress in the near future. >> is there a deal? >> reporter: but as vice president joe biden indicated by staying mum on the subject, it's not over yet. here is how the deal would work. the government funded through mid january. the debt ceiling, extended to early february. in a nod to gop opposition to obama care, changes to that law are also under consideration. including new income verification requirements for health care subsidies. those are tweaks to obama care