Klobuchar hopes for ethanol deal this week

Thune struck an optimistic tone Tuesday about the negotiations between the three senators. “We are getting real close to, I think, finalizing something that everybody can sign-off on,” he told reporters in the Capitol.

Klobuchar said she would like to see the agreement included on legislation to raise the debt ceiling.

Lawmakers working on the issue are seeking to apply some of the savings from quickly ending the $6 billion annual blenders' credit to deficit reduction, and some of it to other support for renewable fuels.

The blenders' credit is currently scheduled to expire at the end of the year.