Wednesday 16 October 2013

US shutdown: Senate reaches fiscal deal

Republican and Democratic leaders of the US Senate have struck a cross-party deal to end a partial government shutdown and raise the US debt limit.
Their bill must also pass the House, where a small group of Republicans are expected to join Democrats to send the bill to President Barack Obama.
The bill extends the federal borrowing limit until 7 February and funds the government to 15 January.
It comes just a day before the deadline to raise the $16.7tn (£10.5tn) limit.
Republican Senate Minority Leader Mitch McConnell, Sen Reid's negotiating partner, said he was "confident" the government would reopen and avoid default under the proposed bill.
And in a statement, Republican House Speaker John Boehner said "blocking the bipartisan agreement reached today by the members of the Senate will not be a tactic for us".
"We're going to pass it in the House," Democratic House Minority Leader Nancy Pelosi said.
Source: Reuters

Popular Posts