October 16, 2013
The federal government shutdown that began on October 1 –shutting down many agencies within the U.S. Department of Transportation, as well as the Mine Safety and Health Administration (MSHA) and the U.S. Energy Information Administration (EIA) — may be nearing its end.
The Senate reached an agreement on Wednesday that could end the shutdown and avoid a default on the national debt, according to a report from NBC Politics.
The House still needs to pass the legislation before President Obama can sign it into law.
The deal would reopen the government through January 15 and extend the debt limit through February 7, Reuters reports.
A report from Politico notes that the bill is expected to pass in the House.
”Blocking the bipartisan agreement reached today by the members of the Senate will not be a tactic for us,” House Speaker John Boehner (R-Ohio) said Wednesday afternoon.
If the agreement does not pass in the House, the U.S. will likely default on its debt by the end of the day on Thursday.
A report from the National Stone, Sand & Gravel Association (NSSGA) argues that a default on national debt “would tighten credit markets and likely worsen lending terms for the transportation construction industry, making the launch of new projects even more difficult.”
The House is expected to vote on the agreement by the end of the day on Wednesday.