Talks On Ending the Shutdown Send Stocks Higher

https://www.youtube.com/edit?ns=1&video_id=y6frwKLUoFU&o=U

Stocks reached for the heavens on hopes that a deal to extend the nation`s borrowing limit was within Washington’s grasps.

In Washington, a crucial meeting at the White House.

Republican House leaders wrapped up an hour-long meeting with President Obama where on the agenda, an offer to temporary increase in the nation`s borrowing limit, in exchange for a promise to negotiate over the long-term deficit reduction and a tax overhaul. But reopening the government is not part of that Republican offer.

John Harwood reports from the White House.

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