At 11th hour, U.S. edges away from brink of debt crisis | Reuters

What a waste… all this damage for nothing.. and a new round early next year..

U.S. Senate Majority Leader Harry Reid (D-NV) announces a last-minute deal to avert a historic lapse in the government's borrowing ability, in this still image taken from video from the floor of the Senate at the U.S. Capitol in Washington October 16, 2013. REUTERS-U.S. Senate TV-Handout

http://www.reuters.com/article/2013/10/16/us-usa-fiscal-idUSBRE98N11220131016

(Reuters) – U.S. Senate leaders announced a deal on Wednesday to end a political crisis that partially shut down the federal government and brought the world’s biggest economy close to a debt default that could have threatened global financial calamity.

The deal, however, offers only a temporary fix and does not resolve the fundamental issues of spending and deficits that divide Republicans and Democrats. It funds the government until January 15, so Americans face the possibility of another government shutdown early next year.

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5 thoughts on “At 11th hour, U.S. edges away from brink of debt crisis | Reuters

  1. Hmmmm, and what did the Republicans get out of this one? Except for the fact that they’ve somehow managed to extricate themselves from a problem of their own making?

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