The Hill News

The protracted, partisan stale-mate over the debt ceiling shows signs of abating on Capitol Hill Monday evening as the House prepares to vote on a final deficit deal.

According to GOP leaders, the deal should have enough Republican votes to pass the House, and sources indicate it has enough bipartisan support to sail through the Senate. Both votes could come as early as Monday evening.

Sunday night, President Obama and Congressional leaders announced a deficit deal that would raise the debt limit by up to $2.4 trillion. The announced bargain attracted plenty of criticism from both Democrats and Republicans, but both sides seem to expect it will eventually pass--and just in time to make the Treasury Department's Aug. 2 deadline to raise the debt ceiling.

Weeks of bitter negotiations preceded the last-minute deal, which is the first time leaders from both sides have agreed on the same terms. Many lawmakers expressed frustration over the last-minute timing and inability to come to a more comprehensive "grand bargain."

President Obama and House Speaker John Boehner (R-Ohio) both seemed to express relief over last night's compromise. Obama and Boehner met numerous times to try to reach a bipartisan agreement on the debt-limit until talks broke down in July. Boehner and Senate Majority Leader Harry Reid (D-Nev.) then moved forward with separate, partisan proposals in the House and the Senate. Leaders seemed to reach an impasse multiple times over the past weeks.

Boehner can be seen here leaving the Capitol after a long day Sunday, breathing a sigh of relief.

Obam a released a video appeal aimed at his supporters Monday to explain how he sees the current state of the debt crisis. He praised the public for helping pressure lawmakers into reaching a resolution, a strategy Obama pushed over the past few days in a televised speech and through his official Twitter feed.

Obama called the debate "long and messy," but seemed to indicate he had breathed his own sigh of relief when he said, "This chapter is over, but that work and that debate continues."