The U.S. Congress passed a last-minute deal Wednesday night to avert a damaging debt default and to reopen the government after a more than two-week shutdown. President Barack Obama is expected to sign the bill momentarily.
The U.S. House of Representatives voted to pass the bill shortly after 10 p.m. with 285 members voting for the legislation and 143 opposing it. The Senate passed the same bill 81 to 18 shortly after 8 p.m.
"I want to thank the leaders of both parties for getting us to this point," Obama said shortly after the Senate vote. "Once this agreement arrives on my desk, I will sign it immediately. We'll begin reopening our government immediately, and we can begin to lift this cloud of uncertainty and unease from our businesses and from the American people."
Treasury Secretary Jack Lew was also pleased.
"We welcome the bipartisan action Congress is taking to resolve this crisis," Lew said in a statement late Wednesday. "At the same time, we remain committed to reaching agreement on a balanced fiscal package that will create jobs, grow our economy, and put us on a path toward long-term fiscal sustainability. Without question, it will require difficult choices."