POSTED: Wednesday, October 16, 2013 - 8:27pm
UPDATED: Thursday, October 17, 2013 - 12:45pm
Washington, D.C. (KETK) — After a deal was reached by the Senate Wednesday afternoon, they voted 81-18 to pass it, Wednesday night, and the House of Representatives has now approved the bill and it will now sent to the desk of President Obama where he he expected to sign it immediately.
The bill will end the 16-day partial government shutdown and allow the debt ceiling to be raised to avoid default.
Stocks skyrocketed Wednesday morning, as investors relished in the news the Senate had reached a deal to reopen the government and raise the debt limit. The money government borrows to pay the United States' bills is slated to run out, Thursday.
Senator Ted Cruz spoke to Congress prior to the House vote saying, "This is a train wreck of a law."