Reid announces tentative deal to avert rules showdown

Senators have reached a tentative deal on averting the constitutional showdown over confirming President Obama's agency nominations.

"We may have a way forward on this, I feel fairly confident," Majority Leader Harry Reid (D-Nev.) said Tuesday morning. Sen. John McCain (R-Ariz.) signaled enough Republicans would support breaking a filibuster on the first test vote on the showdown, for Obama's pick to lead the Consumer Protection Financial Bureau.

"I think everyone will be happy," Reid said.

The deal would not be finalized until later Tuesday afternoon.