The U.S. Senate announced a last-minute deal on Wednesday to avert a historic lapse in the government’s borrowing ability and a potentially damaging debt default, and to reopen the government after a two-week shutdown.

But even if the Senate and House of Representatives manage to overcome procedural hurdles to seal the deal before Thursday – when the Treasury says it will exhaust its borrowing authority – it will only be a temporary solution that sets up the prospect of another showdown early next year.

http://www.euronews.com/2013/10/16/senators-reid-mcconnell-announce-u-s-deal-to-end-shutdown-raise-debt-limit/