This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/world-us-canada-24559869

The article has changed 13 times. There is an RSS feed of changes available.

Version 1 Version 2
US debt ceiling: Senate passes US budget deal US debt ceiling: Senate passes US budget deal
(35 minutes later)
The US Senate has passed a bill to reopen the government and raise the federal debt limit, with hours to spare before the nation risks default.The US Senate has passed a bill to reopen the government and raise the federal debt limit, with hours to spare before the nation risks default.
The Democratic-controlled Senate's bipartisan compromise won swift approval by 81 votes to 18. The Democratic-controlled upper chamber's bipartisan compromise won swift approval by 81 votes to 18.
It will now be sent to the House of Representatives, whose Republican leadership has begrudgingly said it will support the measure. It will now be considered by the House of Representatives, whose Republican leadership has begrudgingly said it will support the measure.
It comes hours before the deadline to raise the $16.7tn (£10.5tn) limit.It comes hours before the deadline to raise the $16.7tn (£10.5tn) limit.
The deal would extend the federal borrowing limit until 7 February and fund the government to 15 January.The deal would extend the federal borrowing limit until 7 February and fund the government to 15 January.
The bill would also create a panel of Senate and House members to draw up a longer-term budget deal.The bill would also create a panel of Senate and House members to draw up a longer-term budget deal.
'Governing by crisis''Governing by crisis'
Shortly after the vote, President Barack Obama said at the White House there was "still a lot of work ahead of us, including winning back the trust of the American people". Shortly after Wednesday evening's vote, President Barack Obama said at the White House there was "still a lot of work ahead of us, including winning back the trust of the American people".
"We've got to get out of the habit of governing by crisis," the Democratic president said. "We've got to get out of the habit of governing by crisis," the Democratic president added.
"My hope and expectation is everybody has learned there's no reason why we can't work on the issues at hand, why we can't disagree between the parties without still being agreeable and make sure that we're not inflicting harm on the American people when we do have disagreements.""My hope and expectation is everybody has learned there's no reason why we can't work on the issues at hand, why we can't disagree between the parties without still being agreeable and make sure that we're not inflicting harm on the American people when we do have disagreements."
Also speaking after Wednesday evening's vote, Senate Democratic Majority leader Harry Reid said: "Let's be honest, this is pain inflicted on a nation for no good reason and we cannot, cannot make the same mistake again." Also speaking after the vote, Senate Democratic Majority leader Harry Reid said: "Let's be honest, this is pain inflicted on a nation for no good reason and we cannot, cannot make the same mistake again."
In a statement earlier, Republican House Speaker John Boehner said "blocking the bipartisan agreement reached today by the members of the Senate will not be a tactic for us". In the House, the Democratic caucus was expected to be joined by a number of moderate Republicans in voting for the bill.
"We're going to pass it in the House," Democratic House Minority Leader Nancy Pelosi told MSNBC earlier.
In a statement, the US Chamber of Commerce, a pro-business lobby group, urged lawmakers to vote for the Reid-McConnell deal. But the hardline conservative Club for Growth urged them to vote no.
Republican House Speaker John Boehner said in a statement "blocking the bipartisan agreement reached today by the members of the Senate will not be a tactic for us".
The US Treasury has been using what it has called "extraordinary measures" to pay its bills since the nation reached its current debt limit in May.The US Treasury has been using what it has called "extraordinary measures" to pay its bills since the nation reached its current debt limit in May.
It said those methods would be exhausted by 17 October, leaving the US unable to meet all of its debt and other fiscal obligations if the limit was not raised. It said those methods would be exhausted by 17 October, leaving the US unable to meet all of its debt and other fiscal obligations.
Politicians, bankers and economists had warned of dire global economic consequences unless an agreement to raise the US government's borrowing limit could be reached. Politicians, bankers and economists had warned of dire global economic consequences unless an agreement to raise the US government's borrowing limit was reached.
Meanwhile, ratings firm Standard & Poor's said on Wednesday that the government shutdown had already taken $24bn (£15bn) out of the US economy and would cut growth significantly in the fourth quarter. 'Shameful'
Congressional Republicans triggered the standoff on 1 October when they forced the first partial shutdown in 17 years by demanding that President Obama defund or delay his signature healthcare overhaul. Meanwhile, ratings firm Standard & Poor's said on Wednesday that the partial US government shutdown, the first in 17 years, had already shaved $24bn from the American economy and would cut growth significantly in the fourth quarter.
But under the compromise now being voted on, the law commonly known as Obamacare escapes relatively unscathed. Spurred on by hardline conservatives, congressional Republicans triggered the standoff on 1 October when they forced the shutdown by demanding that President Obama defund or delay his signature healthcare overhaul.
But under the compromise now being voted on the law commonly known as Obamacare escapes relatively unscathed.
Congressional Republicans, who have borne the brunt of blame in opinion polls for the budget row, conceded defeat on Wednesday.Congressional Republicans, who have borne the brunt of blame in opinion polls for the budget row, conceded defeat on Wednesday.
"We fought the good fight," Republican House Speaker John Boehner said in an interview with an Ohio radio station. "We just didn't win.""We fought the good fight," Republican House Speaker John Boehner said in an interview with an Ohio radio station. "We just didn't win."
Meanwhile, the political post-mortem examination has already begun.Meanwhile, the political post-mortem examination has already begun.
"This has been a really bad two weeks for the Republican Party," Republican Senator Lindsey Graham said."This has been a really bad two weeks for the Republican Party," Republican Senator Lindsey Graham said.
Senator John McCain told the Senate floor that the budget standoff had been "one of the more shameful chapters I have seen in the years I have spent here in the Senate". Senator John McCain told the upper chamber floor that the budget standoff had been "one of the more shameful chapters I have seen in the years I have spent here in the Senate".