Powered by Blogger.
Showing posts with label US government shutdown averted. Show all posts
Showing posts with label US government shutdown averted. Show all posts

US government shutdown averted

A dramatic eleventh-hour deal staved off a damaging US government shutdown Friday, busting a rancorous budget stalemate between President Barack Obama and his newly empowered Republican foes.

Party leaders clinched the agreement, including some $38.5 billion dollars of extra spending cuts, after a intense political bargaining, barely an hour before the federal government effectively ran out of money at midnight (0400 GMT, 12pm Singapore time).

"Some of the cuts we agreed to will be painful ... and I would not have made these cuts in better circumstances," Obama said at the White House after a long day of negotiating averted a potential political crisis

Blogger Tips and TricksLatest Tips And TricksBlogger Tricks
1 Share/Bookmark

Labels

Blogger Tips and TricksLatest Tips And TricksBlogger Tricks