AP Top News at 9:20 a.m. EST

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ATHENS, Greece (AP) — Greece has reached a tentative agreement on new austerity cuts demanded by creditors to release a €130 billion ($173 billion) bailout, hours before a crucial meeting of finance ministers in Brussels, Prime Minister Lucas Papademos’ office said Thursday. A spokeswoman said the agreement with the majority Socialists and the conservatives will allow alternative cuts to those rejected early Thursday during a marathon meeting of the three coalition party leaders. No details were available on what alternative measures would be chosen.

Markets buoyed by news of Greek debt deal