Obama signs measure averting default on debt, ending partial government shutdown

(MGN Online)
(MGN Online)
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Updated: 10/17/2013 8:27 am
UPDATE -- Obama signs measure averting default on debt, ending partial government shutdown. 

WASHINGTON (AP) -- Congress has passed legislation to reopen the partially-shuttered federal government and avert a potentially disastrous default on U.S. obligations, clearing the measure for President Barack Obama's promised signature.

    Passage of the bill late Wednesday in the House and Senate ended a Washington-created crisis that closed much of government for 16 days. It came on the eve of the date the Treasury Department warned it would no longer be able to borrow to pay the government's bills.

    The legislation was carried to passage in the House by strong support from Democrats and 87 yes votes from majority Republicans who had originally sought to use the measure to derail Obama's three-year-old health care law.

    The legislation will reopen the government through Jan. 15 and permit Treasury to borrow normally through Feb. 7.

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Speed - 10/17/2013 1:19 AM
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The Republicans should NEVER have "blinked". They just empowered the Democrats to do ANYTHING they want to do from now on,because they know Boehner will ultimately CAVE. And we WOULDN'T have defaulted-there's PLENTY of funds to carry on. By Federal law,we CAN'T default. The "Default" threat is a scare tactic the Democrats,notably the alleged president,used to rally support for more BIG Government and BIG spending,and you bought it ALL-hook,line and sinker. Totally disgusted.

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