‘No winners’ in US shutdown

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MORE FOES? The White House is seen at dusk in Washington, DC, Sept 30, 2013, during the US government shutdown. File photo by AFP

US President Barack Obama the fiscal shutdown left “no winners” in Washington. “It’s encouraged our enemies, it’s emboldened our competitors and depressed our friends who look to us for steady leadership.” The president called on Republicans and Democrats to come together to pass a long-term budget and to give up the “brinkmanship” that squandered the trust of the American people. Voting 81-18, the Senate sends the bill to the House, which approved the plan with 285 votes to 144, ending a 16-day government shutdown and a showdown over raising the government’s borrowing authority. Investors cheered the deal, powering the S&P 500 index to an all-time high of 1,733.15, up 0.67%. Obama also urged Republicans in the House of Representatives to pass stalled bills. “Probably nothing has done more damage to America’s credibility in the world, our standing with other countries, than the spectacle that we’ve seen these past several weeks,” he said.

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