ABC News, Wednesday, Oct. 16 reports the government shutdown could end in a matter of hours. A deal on the table to end the 16 day shutdown will reopen the government through Jan. 15 and raise the debt limit to Feb. 7. The deal will also lock in reduced spending levels (sequester). According to the ABC affiliate, at 6 p.m. EDT, the Senate vote was being awaited, with the House expected to vote by 10 p.m. From the House, the plan goes to President Obama, who must sign off on it by midnight to avoid default.
The Dow Jones closed more than 200 points ahead, up 205.82, as stocks surged, investors applauding news of the temporary solution to reopen the government, avoiding a default. House speaker, John Boehner said his chamber will not block the Senate plan in a New Hampshire radio interview on Wednesday, proclaiming “We fought the good fight and just didn’t win.” However, even as the plan is being voted on by the Senate, Tea Party Republican senator, Ted Cruz of Texas said he would vote against the bi-partisan compromise when it came to the Senate floor, but would not take any action to delay it. News 8 anchor, John McCaa commented, “For a lot of people Senator Cruz has been the face of the shutdown ... I understand his hometown newspaper was thinking about taking back their support and their endorsement.” Steve Stoler, News 8 reporter, confirmed “That’s right, John. Cruz’s hometown newspaper, The Houston Chronicle ... said today that they wish they could take back its endorsement. The Chronicle’s editorial board which endorsed Cruz in his 2012 race, now say it misses his predecessor, former Republican senator, Kay Bailey Hutchison.”
Jonathan Karl for ABC World News said Cruz, “who more than any individual led the fight over Obamacare that triggered the shutdown,” denounced the compromise, on camera. He vows that he and his Tea Party Republican colleagues will continue to fight the Affordable Care Act after the default has been avoided. After the agony of delay in getting the nation’s debt paid, this deal will make no changes to the ACA, “the Republican demand that started it all,” said Karl.
The shutdown accomplished nothing beneficial to America and the American people. It delayed clinical trials for cancer research, curbed school lunch programs, put 800,000 federal workers on furloughs and out of work, and wreaked havoc on tourists and the businesses that depend on them, according to World News on Wednesday. When asked if this would be repeated in three months when the temporary deal runs out, Sen. Kelly Ayotte (R-New Hampshire) responded, “We just can’t do this anymore, for the country. I think the American people are so tired of it, and rightly so.”
“White House press secretary, Jay Carney said the president applauded the deal and will sign it as soon as it is passed,” said Karl. But, when he asked if the president had won the showdown with Republicans, Carney replied “There are no winners.”
View ABC News live stream of voting on the Senate floor, here.