Pelosi Provides Votes to End Republican Teabaggers Government Shutdown

130910_nancy_pelosi_ap_605WASHINGTON — Today, Senate Democratic and Republican leaders reached a final agreement on a deal to reopen the government and extend its borrowing authority into February, with final passage looking increasingly possible by Wednesday evening.

In the House, Nancy Pelosi provided the votes needed to allow the bill to pass; 185-144. The Senate passed the bill 81-18. It is no surprise that Teabaggers voted against the bill.

Senator Harry Reid of Nevada, the majority leader announced the completion of the agreement shortly after noon, and the Senate Republicans who had led the push to shut down the government unless President Obama’s health care law was gutted conceded defeat and promised not to delay a final vote.

Under the agreement, the government would be funded through Jan. 15, and the debt ceiling would be raised until Feb. 7.

One can only hope that this will be a learning experience for lawmakers in the House and Senate who shut down the government in hopes of gutting “Obamacare” the Affordable Care Act.

In the midst of government collapse, the credit rating agency Fitch put the United States on a “negative ratings watch,” warning that Congressional intransigence had put the full faith and credit of the government at serious risk.
As the United States nears default, investors have demanded more compensation for lending to the government, with yields on short-term debt spiking to their highest levels in years.

Fitch warned that Congress has not “raised the federal debt ceiling in a timely manner.” It said that it “continues to believe that the debt ceiling will be raised soon,” but that “political brinkmanship and reduced financing flexibility could increase the risk of a U.S. default.”




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