Congress Approves Bill to End Shutdown and Raise Debt Ceiling
Posted Oct. 22, 2013
Sixteen days after the federal government shutdown began and one day before the U.S. would have exhausted its ability to borrow money, Congress approved a bill to reopen the government and raise the debt ceiling until Feb. 7, 2014. President Obama signed the legislation immediately, which meant that most federal workers reported to work on Thursday, Oct. 17.
A brief summary of the deal reached and enacted by Congress:
Government is funded through January 15 at levels reflecting the sequestration levels;
Debt ceiling is suspended until February 7 (at that point the debt limit is whatever the actual level of debt is on that day);
A budget conference committee has been established to come up with long-term spending plans by December 13. Senator Patty Murray (D-WA) and Representative Paul Ryan (R-WI) will be the conference committee leaders from each house;
Requires income verification for recipients of subsidies under the Affordable Care Act’s newly-established exchanges; and
Provides for back pay for furloughed federal government workers.