Wednesday, April 16 2014 10:54 PM EDT2014-04-17 02:54:16 GMT
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WASHINGTON (AP) --President Barack Obama has signed a bill to raise the debt ceiling and end the government shutdown. Congress approved the bill, which easily cleared both houses, and it got substantial Republican support. The bills averts a potentially disastrous default on U.S. obligations.
Passage of the bill late Wednesday in the House and Senate ended a Washington-created crisis that closed much of government for 16 days. It came on the eve of the date the Treasury Department warned it would no longer be able to borrow to pay the government's bills.
The legislation was carried to passage in the House by strong support from Democrats and 87 yes votes from majority Republicans who had originally sought to use the measure to derail Obama's three-year-old health care law.
The legislation will reopen the government through Jan. 15 and permit Treasury to borrow normally through Feb. 7.
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