U.S. Congress votes to end shutdown, avoid default

Well I guess we aren’t being held hostage any more, for now!

Global News

WASHINGTON – The U.S. government reopened its doors Thursday after Congress passed legislation to end a government shutdown and – just in the nick of time – avert a U.S. debt default in a bipartisan deal that left Republicans little to show for the epic political drama that threatened to rattle the world economy.

The Senate voted 81-18 to send the measure to the Republican-controlled House of Representatives, which passed it late Wednesday night 285-144. President Barack Obama signed the measure – which adhered strictly to the terms he laid down when the twin crises erupted more than three weeks ago – shortly after midnight Thursday.

Congress had faced a deadline of 11:59 p.m. on Thursday to raise the government’s borrowing authority or risk a default on its obligations.

The bill reopens the government through Jan. 15 and permits the Treasury to borrow normally through Feb. 7 or perhaps a…

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By revsavage

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