"Republicans Back Down, Ending Crisis Over Shutdown and Debt Limit"

"Congressional Republicans conceded defeat on Wednesday in their bitter budget fight with President Obama over the new health care law as the House and Senate approved last-minute legislation ending a disruptive 16-day government shutdown and extending federal borrowing power to avert a financial default with potentially worldwide economic repercussions."

Jonathan Weisman and Ashley Parker report for the New York Times October 16, 2013.

SEE ALSO:

"Shutdown Took $24 Billion Bite Out of Economy" (CNN)

"Shutdown Deal Averts Catastrophe But Leaves Economy in Peril" (Washington Post)

"On to the Next Crisis: Why Congress Learned Nothing From the Shutdown" (TIME)

"Senate Deal Includes Funding for Disaster Relief, And More" (E2 Wire/The Hill)

 

Source: NY Times, 10/17/2013