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Saturday, April 09, 2011

Government shutdown averted

Well while I couldn't follow the progress (or I thought, lack thereof) I find out before I go to bed that there will be no shutdown, and after a lot of drama a deal was reached:

Congressional leaders agreed late Friday to a compromise that will keep the federal government funded for the remainder of the fiscal year — averting a government shutdown less than an hour before it was set to start.

House Speaker John A. Boehner (R-Ohio) announced the deal just before 11 p.m. The agreement came together in a few frantic hours at the near-deserted Capitol, with a midnight deadline looming.

“I’m pleased that Senator Reid and I and the White House have been able to come to an agreement that will, in fact, cut spending and keep our government open,” Boehner said at an impromptu news conference, mentioning Senate Majority Leader Harry M. Reid (D-Nev.).

Shortly after, President Obama read a statement from the White House, pointing out that the Washington Monument, seen lit up over his shoulder, would be open as usual on Saturday.

“Today, Americans of different beliefs came together,” Obama said. He said the cuts would be painful but necessary to maintain the country’s fiscal health. “We protected the investments we need to win the future.”

To keep the government running through Friday, lawmakers approved a short-term spending measure overnight — the Senate at 12:20 and the House at 12:40 — and said the final agreement should be approved next week.

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