U.S. Congress Ends Government Shutdown. Government Shutdowns Again in January. U.S. Congress Takes Action with Obama. Government Shutdown costs $24 Billion.

The U.S. Goverment Shutdown has officially ended temporarily on a matter of averting a US default and ending a prolonged fiscal crisis. The deal to ending it however, offers only a temporary fix and resolves nothing on the fundamental issues of spending the devicits dividing the Democrats and Republicans. It will fund the Government until early January and will raise the debt ceiling until February 7, so Americans can rest assured that there will be a chance of another shutdown. 

President Barack Obama signed the bill Thursday before Congress could pass the bill allowing the federal debt limit to be increased. Barack Obama spoke at the White House Wednesday evening saying , " They could begin to lift this cloud of uncertainity and unease from our businesses and from the American people. We need to get out of the habit of governing by crisis.". President Obama announced that this year things will change with an accumulation of new bills, including changing the immigration system, budget system, and passing a farm bill. House Speaker, John Boehner did not agree with the current Goverment Shutdown and the Republicans losing their fight to change. Boehner stated, "Republicans fought the good fight and did not win. We did not give up on the fight to bring down the US debt and cripple the Presidents signature health care overhaul. Our drive to stop the train wreck that is Obama's health-care law will continue.". 

With the U.S. Government Shutdown temporarily over, stock indexes have raised by more than one percent in the first day. In a matter of 16-days, the shutdown cost America a total of 24 billion dollars. With the deal only guranteeing funding through January, America might be in more trouble and the situation could grow worse. According to Standard & Poor's financial services company the breakdown of the US shutdown is as follows: 

  • About $3.1 billion in lost Government services, according to the IHS research.
  • $152 million per day in lost travel spending, according to the U.S. Travel Association.
  • $76 million per day lost because of National Parks being shutdown, according to the National Parks service. 
  • $217 million per day in lost federal and contractor wages in the Washington D.C. metro area alone.