BREAKING NEWS

US Senate passes bill to avoid default, reopen government

By REUTERS

OCTOBER 17, 2013 03:19

WASHINGTON - The US Senate, racing to avert a government default, on Wednesday passed legislation raising the Treasury Department's borrowing authority and sent the measure to the House of Representatives for final passage.

The legislation also would end a partial government shutdown by providing new funds for federal agencies that have been closed since Oct. 1.

US President Barack Obama will deliver a statement at 8:25 p.m. (0025 GMT) on Wednesday in the White House press briefing room on the vote to end the government shutdown, the White House said.

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