The Star Online: Business
The Star Online: Business |
| U.S. House passes bill to retroactively pay furloughed government workers Posted: WASHINGTON: The Republican-led U.S. House of Representatives unanimously approved a bill on Saturday that would retroactively pay 800,000 furloughed workers once the now five-day-old government shutdown ends. The measure now goes to the Democratic-led Senate for concurrence. The White House has said that President Barack Obama will sign it into law. There is no end in sight to the shutdown, and there are still no bipartisan negotiations. - Reuters |
| Obama expects Congress will raise debt ceiling before deadline Posted: WASHINGTON: President Barack Obama said he does not expect to have to take any unusual steps to prevent the United States from defaulting on its debt because he believes Congress will raise the debt ceiling before a looming Oct. 17 deadline. "I don't expect to get there," Obama said in an interview with the Associated Press released on Saturday. "There were at least some quotes yesterday that (House of Representatives) Speaker (John) Boehner is willing to make sure that we don't default," he said. "And I'm pretty willing to bet that there are enough votes in the House of Representatives right now to make sure that the United States doesn't end up being a deadbeat," Obama said. - Reuters |
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