10/17/13

Permalink Obama signs legislation to end government shutdown, raise US debt limit

President Barack Obama early on Thursday signed legislation that ends a US government shutdown and raises the US debt ceiling, the White House said. The US Congress has passed a bill to reopen the government and raise the federal debt limit, with hours to spare before the nation risked default. The Democratic-controlled Senate's bipartisan compromise won approval by 81 votes to 18. The deal was then passed by 285-144 in the House of Representatives, whose Republican leadership begrudgingly agreed to support the measure. It came hours before the deadline to raise the $16.7tn (£10.5tn) limit.

Reuters: U.S. Congress ends default threat, Obama signs debt bill
Russia Today: US avoids default as Congress passes deal to end shutdown
Raw Story: China downgrades U.S. credit rating and accuses lawmakers of holding world hostage
Zero Hedge: Complete House Debt Ceiling Vote Roll Call
CNS News: 150 Straight Days: Treasury Says Debt Stood Still at $16,699,396,000,000

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