The government shutdown is ending as Senate leaders struck a deal on Wednesday. "Senate leaders on Wednesday worked out a deal to reopen the government and avoid a potential U.S. default as soon as midnight. Formal announcement of the agreement will come at 12 noon ET on the Senate floor," reports CNN on Oct. 16, 2013.
“According to sources, the Senate deal under discussion would reopen the government, funding it until January 15. It would also raise the debt limit until February 7 to avert a possible default on U.S. debt obligations for the first time.”
After Republican and Democratic leaders of the US Senate have struck a cross-party deal to end the government shutdown and to raise the US debt limit, the bill still has to pass the House where a small group of Republicans are expected to join Democrats to send the bill to President Barack Obama.
According to White House spokesman Jay Carney, President Barack Obama will accept the deal. He also said that Mr. Obama believes the agreement "will reopen the government and remove the threat of economic brinksmanship. The president hopes that both houses will act swiftly on this agreement."
After 16 days of a government shutdown, Senate leaders from both parties were eager to complete the work necessary to fully reopen the government.
“Hardline conservatives triggered the budget warfare 16 days ago, forcing the first government shutdown in 17 years by demanding that Mr Obama gut his signature healthcare overhaul plan,” reported BBC.
"This has been a really bad two weeks for the Republican Party," Republican Senator Lindsey Graham said.
Due to the government shutdown, an estimated 700,000 federal workers were placed on furlough, leaving many families on the brink of their own economic crisis. The closure of most national parks, museums, federal buildings, and federal services resulted in an economic mayhem on a federal, state, and local level.
The effort to break the deadlock, to reopen the federal government, and to avoid a U.S. default came from both parties and there was “palpable relief” among Republicans. Senator Lamar Alexander (R., Tenn.), stated that "we're ready to open the government and we are ready to make sure everyone around the world knows the U.S. pays its bills on time.”
Most everyone who was put on furlough or who was affected by the government shutdown will agree. “We, too, are looking forward to being able to pay our bills on time.”