After 16 days of government shut down, it looks like an end may be in sight.
The Senate came up with a bipartisan budget deal late Wednesday morning as the country came within hours of reaching the debt ceiling.
Sixteen days after Congress failed to agree on the country's money problems, which partially shut down the government, the Senate has managed to draft a bipartisan agreement.
It basically maintains all of the financial decisions put into place by the Budget Control Act of 2011.
"The federal government wants to have their government functioning, even if there's disagreements about how much should be spent and what the government should do. The people expect the government to function," Senator Chuck Grassley, (R) Iowa said.
The solution isn't permanent, though. The deal will re-open the government and keep the exact same funding through January 15th.
Between now and then, Congress will establish a special committee, given the task of creating a permanent solution everyone can agree on.
"This debate's not over here today, tonight. What it is, is a temporary opening up of the government, and it is an extension of the debt ceiling until February 7th. All of these debates start all over again, but I do not believe that we'll see another government shut down, not in this Congress," Representative Steve King, (R) Iowa said.
"I think if anything else, this shows we need to conduct our business in a forthright manner, get our legislation done, bring up our appropriations bills, and not conduct ourselves in this on again, off again, brinkmanship attitude," (D) Iowa Senator Tom Harkin said.
This agreement does extend all of the current borrowing power the government has until February 7th. Under the agreement, no changes were made to the Affordable Health Care act.
"We've got people saying, 'shutdown the government to defund Obamacare. Well the government shut down, and Obamacare just continued, just like it always had. We kept saying to people, 'this strategy won't work,'" (R) Nebraska Senator Mike Johanns said.
While most matters dealing with revenue must pass through the House before they pass through the Senate, the Senate will actually vote first on this issue.
Speaker Boehner has said the House does not plan to block the deal.
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