Senate leaders near deal but will Congress pass it?

European shares and U.S. stock futures were mostly higher at the time of writing as markets bought into optimistic noises that Senate leaders are close to a deal that would extend the U.S.'s borrowing authority until February 7, fund the government until January 15, and force Washington to hold budget talks. However, the agreement seems to contain few of the demands of the Tea Party Republicans, raising the question as to whether Congress will pass it.