WASHINGTON, Oct. 16 (Xinhua)-- U.S. House of Representatives Wednesday night approved a deal to raise the debt ceiling and reopen the federal government, clearing final hurdle of the legislation in the Congress.
U.S. Senate leader announces bipartisan budget deal
WASHINGTON, Oct. 16 (Xinhua) -- U.S. Senate leader said on Wednesday that a bipartisan deal is reached to raise the debt ceiling and reopen the federal government.
"This compromise we reached will provide our economy with the stability it desperately needs," said Senate Majority Leader Harry Reid on the Senate floor. Full story
Backgrounder: U.S. debt ceiling, default risks