Congress Agrees To End Federal Government Shutdown And Avert A U.S Debt Default

Congress Agrees To End Federal Government Shutdown And Avert A U.S Debt Default

Congress passed a last-minute spending bill to end the government shutdown and temporarily lift the debt limit. Diane and her guests discuss how the deal happened and what this crisis could mean for the future of the U.S. political process.

Last night President Barack Obama signed into law an agreement to reopen the government and avert a U.S. government default. The law was passed yesterday in the Senate and hours later approved by the House. The law funds the government until Jan. 15 and raises the debt ceiling until Feb. 7. It also calls for a new round of negotiations on the budget and entitlement spending. The shutdown cost billions, inflicted hardship on many and will likely dampen fourth quarter growth. Conservative House Republicans who staged the 16-day shutdown and threatened default have, at this point, little to show for their strategy. Diane and her guests discuss what’s changed and what hasn’t and the political process ahead.

Guests

Ron Elving

senior Washington editor, NPR.

Jackie Calmes

national correspondent, The New York Times.

Ryan Grim

Washington bureau chief, Huffington Post.

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