October 17, 2013

Obama signs bill aimed at averting crisis

Can kicked down the road til Jan 15,2014.
US President Barack Obama has eventually signed a bill, brokered by Democratic leaders, into law that would end a 16-day federal government shutdown and extend the nation™s debt ceiling deadline for a short time.
The bill, which was ratified in the Senate and the House of Representatives just hours before October 17 deadline of debt limit, comes after lengthy negotiations between Democrats and Republicans in Congress.
The legislation would fund the government until January 15 and authorize the Treasury to borrow more money repealing the previously set ceiling of $16.7 trillion until February 7.     (presstv)

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