Congress reaches deal, sends bill to Obama

Congress has passed legislation to re-open the federal government and avert a potentially disastrous default on U.S. obligations.

The bill now moves on to President Barack Obama for his promised signature.

Passage of the bill late Wednesday ended a Washington-created crisis that closed much of government for 16 days.

It came on the eve of the date the Treasury Department warned it would no longer be able to borrow money to pay the government's bills.

The legislation was carried to passage in the House by strong support from Democrats and 87 yes votes from majority Republicans who had originally sought to use the measure to derail Obama's three-year-old health care law.

The legislation will reopen the government through Jan. 15 and permit Treasury to borrow normally through Feb. 7.