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Senate Strikes Deal to End Shutdown, Avoid Default

Top guns in the U.S. Senate struck a deal this afternoon to end the partial government shutdown and avoid a possible default. Now, the big question is, "Will the deal be approved by the senate, then the house, and then reach the president's desk before midnight?"
We could be just six hours away from defaulting on our debt obligations, but a political expert Eyewitness News spoke with thinks the senate and house can come to an agreement and avoid the catastrophe.

"I think the chances are very high, hopefully the house will agree to the senate bill and the shutdown will be ended and the debt ceiling will be raised,” said Dr. Luke Perry, a political professor at Utica College.

The senate deal would reopen the government, funding it until January 15th and raise the debt limit until February 7th to avoid a default. Now it's largely up to house republicans to pass the bill.

"The republicans are very divided right now in the house of representatives right now so there's no certainty that republicans as a majority will vote in favor of this but all 200 house democrats will and conceivably dozens of republicans will as well so the likelihood of the bill passing is quite high," said Perry.

"I don't know if they'll pass exactly what the senate approved but I do believe that they will pass something to avoid default on the debt," said Glen Hansen, an accounting professor at Utica College.

The U.S. government has never before defaulted so experts don't know exactly what would happen; only that it would be a financial disaster.

"It would not be good, the treasury department has estimated that on October 17th they will run out of funds, interest rates could rise, the stock market could crash," said Perry.

Students we spoke with are hoping those they've elected will prevent this from happening.

"I feel like the government should be more responsible with stuff, they shouldn't be bickering back and forth," said Joe Fryc.

"It's more of a people just trying to prove their point and not really caring about the people and what really needs to be done for our country," said Candace Myers.
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