UPDATE: Congress Sends Gov't Funding, Debt Bill to Obama

By: CBS, AP
By: CBS, AP

UNDATED – 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.



WASHINGTON (AP) -- Senate passes bill to reopen the government, avoid default; measure heads to House.



With just hours to go before the U.S. couldn’t borrow any more money to pay its bills, it appears Congress has ended its budget stalemate. Senators have reached a compromise to raise the debt limit and re-open the government. Now, we’re just waiting for a vote.

Lawmakers shuttled through the halls of the Capitol fine tuning a last minute deal to raise the nation's debit limit and end the partial government shutdown. Shortly after noon, Senate leaders made it official.

“It’s never easy for two sides to reach consensus. It’s really hard. Sometimes harder than others. This time was really hard,” said Senator Harry Reid (D-NV).

“This has been a long challenging few weeks for the congress and country,” said Sen. Mitch McConnell (R-KY).

The Senate deal re-opens the government and keeps it funded for 3 months. It raises the debt limit for nearly 4 months. The deal still needs to pass both houses of Congress or the country risks default. House Speaker John Boehner needs at least 17 Republicans to vote yes.

Tea Party Republicans fought to use this legislation to delay or de-fund the President’s health care law, but in the end got neither.

Texas Senator Ted Cruz led the charge but says he will not delay a vote.

“Had Senate Republicans united and supported House Republicans, the outcome would have been very, very different.

The White House applauded the Senate compromise.

The bill does make one change to the health care law – requiring those seeking subsides for insurance coverage lower to verify their income.


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