The Illinois Democrat says senators will now come together and start working on important issues like retirement security, health care and education.
The agreement clears the way for yes or no votes on some of President Bush's judicial nominees, but makes no guarantees.
Under the agreement, Democrats would pledge not to filibuster any of Bush's future appeals court or Supreme Court nominees except in "extraordinary circumstances."
For their part, Republicans agreed not to support an attempt to strip Democrats of their right to block votes.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.