Senate reaches deal to end U.S. government shutdown, avoid default

Posted by Ravi Gulati | Posted in Economy & Markets | Posted on 16-10-2013

WASHINGTON— Senate leaders announced last-minute agreement Wednesday to avert a threatened U.S. Treasury default and reopen the government after a partial, 16-day shutdown. Congress raced to pass the measure by day’s end…………………“This is a time for reconciliation,” said Senate Majority Leader Harry Reid of the agreement he had forged with the Republican leader, Sen. Mitch McConnell of Kentucky.

Senate reaches deal to end U.S. government shutdown, avoid default | Toronto Star.