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debt ceiling

    Shutdown Ended, Debt Default Averted By Last Minute Bill

    President Barack Obama signed a bill early Thursday morning that ended the 16-day government shutdown and averted a default on the national debt. The bill had previously passed in both houses after a bipartisan compromise in the Senate on Wednesday.

    Government Shutdown Could End Today, Pending Passage In Both Houses

    United States Senators have reached an agreement that could end the government shutdown on Wednesday, pending House approval. The proposed plan would reopen the government through mid-January.

    McKeon Votes To Raise Debt Ceiling Temporarily

    Rep. Howard “Buck” McKeon, R-Santa Clarita, voted for H.R. 325, the “No Budget No Pay” Act of 2013. H.R. 325 passed by a vote of 285-144. This legislation temporarily raises the debt limit through May 18, 2013. In addition, the bill directs the Members of both the House and Senate to pass a FY 2014 budget resolution by April 15, 2013. If either chamber fails to do so, members of that chamber will have their pay put into an escrow account until a budget resolution is passed or the end of the 113th Congress.