“This power-sharing agreement is almost identical to the 2001 agreement and will allow the Senate to be fairly run as an evenly-split body,” McConnell said in a statement after the agreement was approved.
“I am happy to report this morning that the leadership of both parties have finalized the organizing resolution for the Senate,” Schumer said on the Senate floor. “We will pass the resolution through the Senate today, which means that committees can promptly set up and get to work with Democrats holding the gavels.”
On Wednesday, Schumer said that with a power sharing agreement in place that will give Democrats committee gavels, they “are ready to hit the ground running on the most important issues that face our country” and “are not going to waste any time.”
It was unclear as of Wednesday morning what had been holding up the deal. Party leaders had been haggling over a final few points, including how to structure committee budgets, before finalizing the power-sharing agreement that will officially allow Democrats to take their chairmanships, Senate officials familiar with the talks told CNN earlier this week.
The delay was already having an impact on Biden’s Cabinet nominees going through the Senate confirmation process. Sen. Lindsey Graham, the chairman of the Senate Judiciary Committee, rejected a Democratic request on Monday to schedule Garland’s confirmation hearing on February 8, arguing that the Senate needs to focus on the impeachment trial of former president Donald Trump, which is set to start the following day.
This headline and story has been updated with additional developments Wednesday.
CNN’s Ted Barrett, Alex Rogers and Manu Raju contributed to this report.