U.S. Senate approves fiscal deal to avert default, reopen government
They left it till the last possible moment but the U.S. Senate has approved an eleventh hour fiscal deal that will see the government reopen and stave off what would have been potentially disastrous debt default.
The Democratic-controlled Senate's bipartisan compromise was approved by 81 votes to 18.
The bill will now be sent to the House of Representatives, whose Republican leadership has said it will support the measure.
President Obama said he would sign the bill right away to get America back to work, but he warned the country couldn't govern by crisis.
The new bill will extend Washington's 16.7 trillion dollar borrowing capacity until February 7th and fund the government until January 15th, is to be voted on by the Republican-led House.
The House and Senate will also set up a committee to negotiate a long-term budget plan by December 13th.
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