UPDATE: 10/16 10:41pm
Both the U.S. House and Senate have passed a bill to end the partial government shutdown and avert a default.
The President is expected to sign it tonight.
The legislation means the government is funded through January 15th and the debt ceiling is lifted until February 7th.
With a default avoided for now -- political experts are weighing in on how each party fared during the tough budget negotiations.
Barry University Political Expert Sean Foreman says Republicans may have taken a bit of a hit on their image due to the fact that they weren't able to make progress on taking down Obamacare.
"That's not a major victory that the republicans can say was worth it to shut the government down for three weeks and bring us to the brink of defaulting on our loans just to get a minor concession."
Foreman adds that the Tea Party may make a stronger push during the November elections.
"The conservative Tea Party types are not going to be happy with this," he says, "and they will have a greater incentive to break away from the moderate republicans in next year's elections."
WASHINGTON (AP) — The Senate has voted to avoid a financial default and reopen the government after a 16-day partial shutdown.
The vote was 81-18 Wednesday night. The measure now heads to the House, which is expected to back the bill before day's end.
Senate passage came several hours after Majority Leader Harry Reid and Minority Leader Mitch McConnell announced the bipartisan compromise.
The bill would reopen the government through Jan. 15 and permit the Treasury to borrow normally through Feb. 7 or perhaps a month longer.
Congress faced a deadline of 11:59 p.m. on Thursday. That's when Treasury Secretary Jacob Lew had said the government would reach the current $16.7 trillion debt limit and could no longer borrow to meet its obligations.
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APNP Thu, 17 Oct 2013 00:13:44 GMT<