It is hard to know where to start with this disgusting outcome. One thing is certain, the American people are the losers with this horrid budget deal. Here WSJ provides the details.
A potentially crippling U.S. debt default was averted late Wednesday, as Congress passed legislation to end a political showdown that had rattled financial markets, splintered the Republican Party and showcased Washington dysfunction.
The House voted 285-144 to reopen the government through Jan. 15, suspend the debt ceiling through Feb. 7 and lay the groundwork for talks over broader budget issues. The Senate earlier approved the bill 81-18. President Barack Obama signed the bill early Thursday morning.
The agreement, crafted by two Senate leaders, offers only a temporary reprieve from the brinkmanship that has become a hallmark of divided government. Still, news earlier Wednesday that the bill was moving toward final passage had been enough to send the Dow Jones Industrial Average up 205.82 points, or 1.4%, to 15373.83—putting it 1.6% above its level on Sept. 30, the last day the government was fully open.
Latest posts by Richard C. Young (see all)
- Clintons: “Lethal-to-Americans and Self-Serving-Narcissists” - September 26, 2016
- “Why Aren’t I 50 Points Ahead?” - September 26, 2016
- Oxford Grabs Top Spot in Latest World University Ratings - September 23, 2016