Senator Harry Reid: Finding consensus was 'really hard'

Senate Majority Leader Harry Reid has admitted that it was "really hard" to find political consensus on a deal to raise the debt ceiling.

Addressing the Senate before unveiling the terms of the deal, he said it was a "gross understatement" to say that the eyes of the world have been on the US Congress in recent days.

He added that the agreement would provide the stability that the economy desperately needs.