Skip to main content

US government employees head back to work


Workers said they were "pleased and excited" to get back to the office
Hundreds of thousands of US government employees are back at work after President Barack Obama signed a law ending a 16-day government shutdown and extending the US debt limit.
The cross-party deal came hours before the US government risked running out of money to pay its bills.
"There are no winners," Mr Obama said, adding the US would "bounce back".
The deal followed 16 days of partial government shutdown, which began when Congress failed to agree on a budget.
Congress voted through the deal less than a day before a deadline to raise the $16.7tn (£10.5tn) debt limit.
President Obama: "How business is done in this town has to change."
The measure approved in Washington funds the government to 15 January, and extends the US treasury department's borrowing authority until 7 February.
The deal does not resolve the budgetary issues that fiercely divide Republicans and Democrats. Instead, it establishes a cross-party committee of legislators tasked with crafting a long-term budget deal over the coming months.
A faction of Republicans in the hardline Tea Party movement had pushed for the confrontation as a way to gut Mr Obama's healthcare reform.
However, Mr Obama and the Democrats refused to negotiate, and the law commonly known as Obamacare escaped relatively unscathed.
On Thursday, Mr Obama thanked congressional leaders for their help ending the government shutdown and raising the debt limit, but said both had "inflicted completely unnecessary damage on our economy".
Los Angeles views on the political crisis: "I thought it was ridiculous"
"Nothing has done more to undermine our economy the last three years than the kind of tactics that create these kinds of manufactured crises," he said.
Mr Obama said politicians had to stop listening to "talking heads" and activists "who profit from conflict" and instead focus on growing the economy and creating a responsible budget.
"The American people are completely fed up with Washington," he said. "How business is done in this town has to change."

source: bbc.co.uk

Comments

Popular posts from this blog

Exchange Rate for 11th March, 2014

Exchange Rates Fixed by Nepal Rastra Bank Currency Unit Buying/Rs. Selling/Rs. Indian Rupee 100 160 160.15 Open Market Exchange Rates (For the purpose of Nepal Rastra Bank) Currency Unit Buying/Rs. Selling/Rs. U.S. dollar 1 97.07 97.67 European euro 1 134.63 135.47 UK pound sterling 1 161.62 162.62 Swiss franc 1 110.47 111.16 Australian dollar 1 87.70 88.24 Canadian dollar 1 87.44 87.98 Singapore dollar 1 76.57 77.04 Japanese yen 10 9.40 9.45 Chinese renminbi (Yuan) 1 15.81 15.91 Only Buying rates Currency Unit Rates/Rs. Swedish Krone 1 15.18 Danish Krone 1 18.04 Hong Kong dollar 1 12.51 Saudi Arabian riyal 1 25.88 Qatari riyal 1 26.66 Thai baht 1 3.00 UAE Dirham 1 26.43 Malaysian ringgit 1 29.58 source: nrb.org.np

Exchange Rate for 10th March, 2014

Exchange Rates Fixed by Nepal Rastra Bank Currency Unit Buying/Rs. Selling/Rs. Indian Rupee 100 160 160.15 Open Market Exchange Rates (For the purpose of Nepal Rastra Bank) Currency Unit Buying/Rs. Selling/Rs. U.S. dollar 1 97.44 98.04 European euro 1 135.22 136.05 UK pound sterling 1 162.87 163.87 Swiss franc 1 110.97 111.65 Australian dollar 1 88.40 88.94 Canadian dollar 1 87.88 88.42 Singapore dollar 1 76.80 77.27 Japanese yen 10 9.43 9.49 Chinese renminbi (Yuan) 1 15.91 16.00 Only Buying rates Currency Unit Rates/Rs. Swedish Krone 1 15.27 Danish Krone 1 18.12 Hong Kong dollar 1 12.55 Saudi Arabian riyal 1 25.98 Qatari riyal 1 26.76 Thai baht 1 3.01 UAE Dirham 1 26.53 Malaysian ringgit 1 29.91 source: nrb.org.np