Senate Majority Leader Harry Reid (D-Nev.) announced shortly after 10 p.m....[tonight] that he would postpone a vote on his bill to raise the debt limit to give negotiators at the White House more time to work.

He said the Senate would vote on his plan at 1:00 p.m. Sunday, instead of 1:00 a.m., as was originally scheduled.

Reid said leaders are at the White House this evening working on a deal but many details remain unresolved.

Read it all.

Update: Here is an interesting tweet--@JohnJHarwood: on table in debt talks: extension thru '12; $1.2-Tr 2nd round spending cuts w/no revenue, triggered 1/13 when Bush tax....

Another Update: ABC News' Jonathan Karl now has more there.

Filed under: * Economics, Politics • Economy • The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- • The U.S. Government • The National Deficit • Politics in General • House of Representatives • Office of the President • President Barack Obama • Senate

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