October 18, 2013
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.
Late Wednesday, President Obama said, “I will sign it immediately… We’ll begin reopening our government immediately.”
The government closed down many of its operations on October 1 after the two houses in Congress failed to agree a budget, affecting hundreds of thousands of federal workers.
Now the workers should expect to return to work Thursday morning, the director of the Office of Management and Budget said Wednesday night, just a few hours before the president signed the bill.