Congress Agrees To End Federal Government Shutdown And Avert A U.S Debt Default | WAMU 88.5 - American University Radio

WAMU 88.5 : The Diane Rehm Show

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

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.

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