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House, Senate Vote To Re-Open Gov.



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Congress has approved a deal and will now send a bill to President Obama to reopen the government, and avoid default. 

The Senate voted earlier to avoid a financial default and reopen the government after a 16-day partial shutdown. The vote was 81-18 Wednesday night. The House approved the measure 285-144.

Senate passage came several hours after Majority Leader Harry Reid and Minority Leader Mitch McConnell announced the bipartisan compromise.

The bill will reopen the government through January 15 and permit the Treasury to borrow normally through February 7 or perhaps a month longer.

Congress faced a deadline of 11:59 p.m. on Thursday. That's when Treasury Secretary Jacob Lew had said the government would reach the current $16.7 trillion debt limit and could no longer borrow to meet its obligations.
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