LOS ANGELES (MarketWatch) -- Senate Democrats have reached a "broad agreement" on health-care legislation, news reports said late Tuesday.

U.S. Senate Majority Leader Harry Reid said his party had reached a compromise that will unite liberals and centrists, a report from Dow Jones Newswires said. Reid, however, offered no details on the deal, but did say reports that senators dropped the public option were "not true," according to Reuters.

The Senate's leader said he planned to submit the new legislation to the Congressional Budget Office for cost forecasts, Dow Jones said.

The compromise is the result of talks with 10 senators whom Reid called upon to forge a deal, including the group's leaders Sens. Charles Schumer, D-NY, and Mark Pryor, D-Ark.