Federal employees are back on the job. The D.C. Metro is a lot busier, and the streets a bit more crowded as Washington reopened for business on Thursday. The vote that sealed the deal came Wednesday night when Congress agreed on a measure to end the government shutdown and avoid default. President Barack Obama says the self-inflicted crisis should have never happened. SOUNDBITE: PRESIDENT BARACK OBAMA, SAYING: "Let's be clear, there are no winners here. These last few weeks have inflicted completely, unnecessary damage on our economy." The 16 day partial government shutdown that closed national monuments and kept hundreds of thousands of federal workers at home cost the economy an estimated 24 billion dollars. SOUNDBITE: PRESIDENT BARACK OBAMA, SAYING: "Nothing has done more damage to America's credibility in the world, our standing with other countries, than the spectacle we've seen these past several weeks." And it could only be a matter of time before Washington repeats the entire fiasco again. The 11th hour deal lawmakers agreed on only funds the government through mid January and raises the debt ceiling until February 7th. SOUNDBITE: ADRIAN WRIGHT, FORMERLY FURLOUGHED FEDERAL WORKER SAYING: "I'm pleased that the Congress made some progress and that we were able to get something done, but I'm afraid that we might be in the same place in a couple of months." But for now, federal employees are just glad to be working again.
Oct. 17 - President says partial government shutdown and threat of default ''inflicted unnecessary damage'' to U.S. economy. Linda So reports. ( Transcript )
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.