Open for Business: Government Shutdown, Default Averted

cbsnews.com - by Rebecca Kaplan, Stephanie Condon - October 16, 2013

After 15 days of a government shutdown and on the eve of when the country was set to lose its borrowing authority, Congress passed legislation to fund the government and avert a default Wednesday night. President Obama later signed the bill, officially reopening the government and allowing federal employees to head back to work.

By a vote of 81 to 18 in the Senate and 285 to 144 in the House, the agreement, negotiated by Senate Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky, was approved. It will fund the government through Jan. 15 and lift the debt ceiling through Feb. 7.

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