A deal emerged Tuesday morning, led by Sen. John McCain and Majority Leader Harry Reid, to defuse the “nuclear option” that would have eliminated filibusters of executive nominations, Roll Call reports.

Reid said Democrats and Republicans worked out “a way forward that will be good for everybody.” As part of the agreement,  Politico reports the Senate voted to proceed with the nomination of Richard Cordray to head the Consumer Financial Protection Board with 71 votes — well over the 60 votes needed to break a filibuster. Under the proposal, President Obama must withdraw two recess appointments he previously made to the National Labor Relations Board, according to the New York Times.