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Obama Signs Legislation to End Shutdown, Lift U.S. Debt Cap

U.S. President Barack Obama
U.S. President Barack Obama gestures as he speaks during a news conference in the White House briefing room in Washington, D.C. Photographer: Martin H. Simon/Pool via Bloomberg

Oct. 17 (Bloomberg) -- President Barack Obama signed into law a measure ending the 16-day U.S. government shutdown and extending the nation’s borrowing authority until early next year, the White House said today in a statement.

The measure was passed by wide margins in the House and Senate last night, ending a weeks-long fiscal stalemate between the Obama administration and Republicans in Congress. The bill passed on an 81-18 vote in the Democratic-led Senate, followed by a 285-144 vote in the Republican-controlled House.

U.S. government workers are to return to their jobs today, the White House Office of Management and Budget said last night in a statement.

To contact the reporter on this story: Michael Shepard in Washington at mshepard7@bloomberg.net

To contact the editor responsible for this story: Don Frederick at dfrederick1@bloomberg.net

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