President Obama supports the bipartisan Senate deal to reopen the government and raise the debt limit and hopes to sign it into law, the White House said today.

"The president believes that the bipartisan agreement announced by the leaders of the United States Senate will reopen the government and remove the threat of economic brinksmanship that has already harmed middle-class families, American businesses and our country's economic standing in the world," White House Press Secretary Jay Carney told reporters. "The president applauds Leader Reid and Minority Leader McConnell for working together to forge this compromise and encourages the Congress to act swiftly to end this shutdown and protect the full faith and credit of the United States of America."

"He looks forward to Congress acting so that he can sign legislation that will reopen the government and remove this threat from our economy," he added.

Carney was asked by ABC's Jonathan Karl if the agreement represents a win for the White House.

"There are no winners here," he said.