Senate leaders were closing in on a deal Monday to raise the debt ceiling and reopen the government, with leaders of both parties expressing optimism that they will reach agreement soon.

Senate Majority Leader Harry M. Reid (D-Nev.) said he was "very optimistic" of reaching a deal soon, indicating as he opened the Senate floor for the day that he and Sen. Minority Leader Mitch McConnell (R-Ky.) were conducting "constructive, good-faith" negotiations.