US govt employees head back to work


Hundreds of thousands of US government employees are heading back to work after President Barack Obama signed a law ending a 16-day government shutdown and extending the US debt limit.
The cross-party deal came hours before the US government risked running out of money to pay its bills.
China welcomed the deal, and the head of the International Monetary Fund called it “important and necessary.”
Markets in Asia rose on Thursday, while in Europe, they dipped slightly.
Congress voted through the deal less than a day before a deadline to raise the $16.7tn (£10.5tn) debt limit.
It followed 16 days of partial government shutdown, which began when Congress failed to agree on a budget by October 1.

Source: The Punch – Nigeria’s Most Widely Read Newspaper


About Author

Leave A Reply