House, Senate pass bill to re-open govt.

[+Dave 2,322]

http://news.msn.com/us/us-house-passes-bill-to-reopen-govt-increase-debt-limit

[hrc 156]

Good short term news for the people. But the debt ceiling can has been kicked down the road till february and new 700$B will be borrowed. Ultimately, the debt ceiling won't be the problem for the US (congress can suspend the debt ceiling if they want) , but the problem will be the lending ceiling (when lenders stop to borrow, congress can't raise that), when dollar denominated inflation surpases the interest rate earned on US IOU's ... i.e. when rich creditor nations and private lenders stop investing in US treasury bond and start in something else (other currencies, gold, oil, food).