Dow up more than 200 on news of a deal
The budget agreement Congress reached Wednesday cheered investors and removed the threat of a catastrophic debt default that could have triggered another recession. The stock market soared on the news. The Dow Jones Industrial Average jumped 206 points to close at 15,374. Bond investors celebrated, too. They sharply drove down the yield on the one-month Treasury bill, which would have come due around the time a default could have occurred. And the yield on the 10-year Treasury, a benchmark for rates on mortgages and other loans, fell.
Furloughed workers back on the job
The White House's budget office says federal workers should expect to return to work this morning as the partial government shutdown comes to an end. Sylvia Mathews Burwell, the director of the Office of Management and Budget, said President Barack Obama would sign the bill overnight. She was instructing federal employees to follow the news and to check the Office of Personnel Management's website for further updates about returning to work. The measure awaiting Obama's signature restores government funding, reopening parks and monuments across the nation, restoring government services and putting furloughed federal employees back on the job, many of them in the Washington region. "Employees should expect to return to work in the morning," Burwell said in a statement. The measure also would guarantee those workers back pay for time spent at home. Workers who got unemployment benefits would be required to pay them back.
Woman's outburst startles House
A woman described by lawmakers and aides as a long-time House stenographer was removed from the chamber during a vote after she began shouting. The woman was yelling Wednesday from the rostrum just below where the House presiding officer sits. The microphone she was yelling into was off. Lawmakers said she was yelling about the devil and the House being divided. Texas Democratic Rep. Joaquin Castro of San Antonio said she had a crazed look on her face. As she was led into an elevator by security, she was heard to shout, "This is not one nation under God. It never was." She also screamed, "Praise be to God, Lord Jesus Christ." The outburst occurred while the House was voting on legislation ending the government shutdown and extending the federal debt limit.