REPUBLICANS AND DEMOCRATES REACH BUDGET DEAL

Oct 16, 2013

By AM740 Staff

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In Washington, a White House spokesman says the agreement reached between the Republicans and Democrats removes the threat of default on its debt payments and restores non-essential services that have been unavailable for the last 16-days.

Jay Carney says the White House is in favour of quick congressional approval of the deal which would raise the debt ceiling and end the partial shutdown.

But it’s a temporary solution.

Today’s agreement will re-open the U-S government only through January 15 and increase the government’s borrowing authority through February 7.

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