Temporary Deal Reopens Federal Government

Federal employees have been given the go-ahead to get back to work today.

President Obama signed bipartisan legislation Thursday morning that funds the U.S. government through Jan. 15 and raised the nations debt ceiling, allowing the government to borrow money through Feb. 7.

Late Wednesday, both houses of Congress approved the measure that reopens the government after a 16-day shutdown. All three of Alaska’s delegation voted approval of the bill.

Standard & Poor’s estimates the shutdown has taken $24 billion out of the economy. And the debate is likely to regenerate in a couple of months as new deadlines loom.