We can begin to lift this cloud of uncertainty and unease from our businesses and from the American People. And wall street was ready for tonights deal, stocks soared even before the votes were taken. Just about an hour ago the house passed a bill to increase the debt limit and provide enough funding to end the 16day Government Shutdown. The house vote followed an 8118 vote in the senate. The legislation permits the u. S. Treasury to borrow through february 7th, and it funds the government until january 15th. More than 2 million federal workers will now receive back pay. Lets start with Mike Viqueira who is at the white house. Mike, how much of a victory is this for the president . Reporter well, its a big victory. And i think that from any objective standard you can see the president held type lock stop with the creme cats i cremn the house and senate. And republicans were divided and the result has been laid bear for everyone to see over the course of the last 48 hours or so. Its a s
Many warheads akin dance on a submarine. [applause] the late great ian banks said once that independence would list the morale of the nation. He wrote what he believed to be the sheer energy station of a whole people. The energy that can be felt already. People are starting to imagine a better life better communities come for a better country. We are truly privileged. In less than one years time we can start imagining stop imagining and start building, building the scotland we know is possible and we should remember as we do so that scotland has been a whole new for more than a century. The recent chapters of that story people have been asking the question yes and no and went overwhelmingly. It is our privilege in this generation to become the next chapter of that story. When the pages speak to generations yet unborn of the best time in best place of our scotland today what is the story they will tell . They could say that we who lived at this special time recognized the priceless mome
Government loses its ability to borrow money tomorrow, and a lastditch effort by the house to muster an agreement was sunk by hardlined conservatives, so this morning congress has its back against the wall with time about to run out. Susan mcginnis is in washington with the very latest. Susan, good morning. Alexis, good morning. We are strangely in almost exactly the same spot we were this time yesterday. All of the focus now is on the senate hoping for an 11th hour deal there. This is after a house plan that was introduced yesterday collapsed, bringing the resumption of this effort in the senate, but those efforts resume dangerously close to this debt ceiling deadline. Senate republicans and democrats worked through the night on a bill to reopen the government and avoid a default. Majority leader harry reid and Minority Leader Mitch Mcconnell quickly resumed their efforts after talks in the house fell apart. We felt blindsided by the news from the house, but this isnt the first time.
Good morning. Im richard lui. We are now less than 20 hours away from a key treasury deadline. If an agreement is not reached, the nation could default on its bills. My expectation is it does get solved. But we dont have a lot of time and so what im suggesting to the congressional leaders is lets not do any posturing, lets not try to save face. Lets not worry about politics. Do whats right. Open the government and make sure were paying our bills. All right. Now, the house, tuesday, abandoned a lastditch effort to pass its own legislation. There have been no decisions about what exactly we will do. But were going to continue to work with our members on both sides of the aisle to try to make sure there is no issue of default and to get our government reopened. Some placing the blame squarely on House Speaker john boehner. Its about the psychology of one man and whether he is willing to put at risk his speakership by cobbling together a deal that will get the votes of democrats and republ
Fraud case surfaces 18 months later looking much different and facing some very serious charges today thursday, january 2nd, 201 2014. And goods morpgs, everyone. Welcome to today on a thursday morning. 7 00 a. M. On the west coast. Al is hard at work tracking this monster storm. Were kaepg you busy. Its going to be a long few days. Lets go right to ron mott. Hes up in bos top. Were understanding that youre expecting about a foot of snow there. Take us through it. Reporter yeah. Happy knew year to you. Were expected to get pounded by the storm. Theyre trying to get everybody to take mass transit if you can. The morning commute hasnt been bad, hasnt been awful but hasnt been great. What theyre worried about is getting home tonight and getting around tomorrow. That could be a real test. Day two of the new year, the first major winter storm of 2014 is here, threatening much of the northeast with heavy snow, strong winds and coastal flooding. Residents preparing for battle today, stocking