Updated 1:27 ET
It looks like Senate Majority Leader Harry Reid's gambit to force the GOP to hold up judicial nominees and delay action on the JOBS Act won't pan out after all.
Reid on Wednesday asked that his cloture votes on 17 stalled nominees to federal district courts be vitiated, and indicated that he and Senate Minority Leader Mitch McConnell will announce the details of an agreement later.
"He [McConnell] will explain to his caucus, I will explain to mine," Reid said on the Senate floor. "It's something that, like all matters we do here legislatively, an effort to work out a compromise."
According to National Journal, McConnell said Reid has agreed to move on the JOBS Act first.