These horses are sacred to us. We love our horses. But we love our land, too. Woodruff those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions and foundations. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill our lead story tonight the end is finally in sight, in the political stalemate that closed part of the government and threatened national default. Senators crafted a compromise today, and House Republicans threw in the towel. Newshour Congressional Correspondent kwame holman begins our coverage. The majority leader. Ifill Senate Leaders took the floor at midday, deal in hand. The chambers top democrat harry reid this legislation ends a standoff that ground the work of washington to a halt this fall. Madame president , this is not a time for pointing fingers or blame. This is a time of reconciliation. Ifill the leader of the republican minority Mitch Mcconnell said both sides had to give. For today, the relief we hope for is to reopen the government, avoid default, and protect the historic cuts we achieved under the budget control act. This is far less than many of us had hoped for, frankly, but its far more than some had sought. Ifill the framework came from a Bipartisan Group of 14 senators, led by republican Susan Collins of maine. This great country deserves a congress that can govern. And that was the unifying theme of our group. Ifill the agreement they worked out, funds Government Operations for three months, at reduced spending levels already in place. And it raises the debt ceiling through february 7. The deal also calls for a Congressional Panel to negotiate a longterm deficitreduction package. And it requires that americans verify incomes to qualify for subsidies under the new health care law. That was the sole section related to obamacare, after republicans spent weeks trying to block or delay parts of the law. Last month, texas senator ted cruz a leading tea Party Conservative filibustered over the issue. Today, he said hed vote no, but would not try to delay action. I have no objections to the timing of this vote. And the reason is simple there is nothing to be gained from delaying this vote one day or two days. The outcome will be the same. Every senator, every member of the house is going to have to make a decision where he or she stands. Ifill Arizona Republican john mccain, meanwhile, had opposed the shutdown, and he voiced relief today. I think its obvious that we are now seeing the end of this agonizing odyssey that this body has been put through, but far more importantly the American People have been put through. Its one of the more shameful chapters that i have seen in the years that i have spent here in the senate. Reporter senators resurrected the deal late yesterday after competing proposals floated by House Republican leadersfailed to gain support from conservatives. By then, the pressure to act had ratcheted up sharply, with the financial world warning about the effects of a default, including a possible downgrade in the governments triplea credit rating. On the other hand, there was pressure from outside conservative groups to oppose the plan. Much of that pressure was aimed at House Republicans, who met this afternoon to evaluate how to proceed with the senate proposal. Going in, Speaker John Boehner told a cincinnati Radio Station that his side had done all it could. Weve been locked in a fight over here, trying to bring government down to size, trying to do our best to stop obamacare. We fought the good fight. We just didnt win. Reporter after the meeting, boehner issued a statement saying House Republicans would not try to block the senate bill. At the white house, president obama waited as the hours until the american r American People have paid a price for this. Holman wall street applauded the breakthrough, the dow industrials gained more than 205 points on the day while the nasdaq rose 45 points. Ifill we go now to capitol hill, and Lori Montgomery of the washington post, who has been following the days developments. Yesterday, lori, there was a dealing n the morning, it collapsed by evening, today it looks like theres a deal again. Everybodys about to vote and ratify that. John mccain called it an agonizing odyssey. What changed today . What changed is that john boehner couldnt move legislation. They left last night for no explanation why they called off the boat but it was clear that they could not put together a package that would get the support of 217 republicans so it really left reid and mcconnell with no choice. They had to revive these talks which had actually been put on hold to gave bane err chance to try to consolidate his hold on his own caucus. That didnt happen. Ifill so it seems like there were a lot of key senators involved in forcing the issue. One was Mitch Mcconnell, the other was ted cruz. How did they sort out their differences today . Well, cruz is apparently not going to support the bill but Republican Leaders were having some conversations with him and his allies on the right this week saying, look, if we get a deal, you cant stand in the way of this. Weve got to make this thursday deadline. So cruz agreed that he would not block anything. The senate is fixing to vote here, thinking about in an hour, and they can move very rapidly to approve the thing and send it over to the house. Ifill and Mitch Mcconnells role . Well, mcconnell is facing a very difficult Reelection Campaign back home in kentucky and he did not want to be in this position. He did not want to be negotiating another difficult deal that didnt deliver the goods for the conservative right. But in the end, you have to hand it to him, he went to work, he got the job done, and hes marshalling the votes to make sure the country doesnt face a Global Financial cataclysm. Ifill in the end, were there any Health Care Concessions from the white house in this final deal . And did the white house have a hidden hand in crafting it . The white house pretty much stayed out of things at the request of democrats. I mean, you could almost see harry reid, the Democratic Senate leader, relishing this opportunity to sort of, you know, hand it to the republicans and saying no, were not going to give you this stuff. And in the end they got very little. They gotten a agreement that the Health Secretary would confirm that she could prevent fraud in the distribution of tax subsidies for people to buy insurance but she was supposed to do that anyway. So its really hard to see how they can claim that as a victory. Ifill yesterday one of the key shifts in the afternoon with votes happened after the Heritage Action fund, this conservative advocacy group, suggested that republicans vote no and the club for growth as well and they both said the same thing again today. Why isnt that derailing the deal today the way it did yesterday . Well, what youre seeing today, i think, is people especially in the house waking up to the realization that they contributed to a 16day Government Shutdown, they have once again rattled the economy by threatening not to let the treasury pay bills and youre seeing republicans in the middle saying we dont really like this and were not really sure we want to be involved in this again. So republicans are predicting a fairly strong vote for this bill, well over 100 members, more than half the caucus, because moderate well, i cant call them moderates but centerright lawmakers want to send a message to this hardline fringe that, look, weve got to figure out a way to work with democrats and make our government work. Ifill Lori Montgomery of the winnipesaukee, thanks so much. Thanks for having me. Woodruff what is the political state of play after 16 days of the Government Shutdown . Two close observers of it all join us Stuart Rothenberg of the rothenberg political report and roll call and susan page, Washington Bureau chief of usa today. Welcome back to the program. Susan, any doubt that this deal is going to fly . Is going to pass tonight . Its clear that its going to pass. Its going to pass easily in the house, this that had been a question. And i think that everyones going to declare victory and go home and have that this fight over again in a few months. Woodruff stu, no doubt in your mind this is going to pass . No doubt. Its going to pass and the pragmatic conservatives in the republican part gee seen the writing on the wall for a long time and the uncompromising conservatives are out of options. Z woodruff so what substantively did republicans get out of this . They got nothing. This was a disaster for them. They picked a fight they couldnt win and, in fact, all the political benefits accrue to the president and to the democrats. The republicans caved. The president didnt have to compromise so the republicans start off with a weaker hand when they have to engage again. The democrats are are gonna benefit from recruiting in congressional races. Republican money may dry up. I mean, theres a this is a mess for republicans. I would disagree on one thing. I think they got one thing they dont seem to recognize which is they got the sequester budget levels. Woodruff lower spending. Lower spending levels that democrats six months ago were saying were completely unacceptable. Thats the new baseline. Now, remembers didnt note that and claim victory with it, but the fact is that did happen and that is a republican victory. Woodruff but as both of you have just referred to, were going to see come january, february, just a few months from now youre going to see the same argument again over spending levels and over the debt limit. Susan, whats to stop this play from just being enacted all over again. I think the one thing that might change it from just being another repetition in a few months is the way the republicans got their clock cleaned in this one. And so they may choose not to have another kind of showdown over the debt ceiling like they did this time. I mean, thats one if you want to count barack obama as a big winner and i think i do believe hes a winner from this fight its he made his point that he wasnt going to negotiate on the debt ceiling and he didnt and the republicans ended up caving. I think one question is about the survey data. What the polls show after the first of the year. If the republican numbers have rebounded then ted cruzs of the world will say see, this was not permanent damage and we can have another fight. If it looks like there was considerable damage and its longlasting i think a lot of conservatives will say maybe we better move on. Woodruff but they were insisting on these early dates as part of this language, right . January and february. The white house wanted a later debt limit rise. All the rational people wanted later deadlines so we dont have to go through this so soon, so we dont have to go through it during an election year. That will be another calculation when these fights come up. Thats the year these people all the house members and a third of the senators will be running for reelection. Woodruff stu, you touched on some of the effects on the Republican Party. How do you see it . How much of this is the Republican Party broadly . How much of it is confined just to ted cruz and some members of the tea party . Oh, no, i think the damage is to the Republican Party and its in all these areas the democrats are emboldened, theyre recruiting candidates, theyve already recruited a candidate in nebraska against lee terry who wasnt running but now is involved. Pelley woodruff based just on whats going on . I think so, yes. The fact that the republicans are now more easily demonized and defined as the guys who are against anything and everything. Republicans are worried about smalldollar fundraising and bigdollar fundraising. Theyre concerned with the smalldollar folks because those are the true bluegrass roots tea Party Conservatives who have nothing theres no benefit from the republican the republicans caved. They didnt get anything. The big donors who are more pragmatic are petrified at the thought the republicans are going to drive the party and the country off the economic cliff. Not only that, judy, if you looked you also have to look at what the republicans gave up. They gave up arguments over the past few weeks about the roleout of obamacare and what a mess it was. And theyre just in an inferior position now. Theres also two republican parties, now. The party is really split in half and meanwhile the democrats are now newly reunited. The democrats had some fractures going on over drones and over the n. S. A. Disclosures and some unhappiness with president obama. They are together now and that is a real strength for a party. Woodruff so in other words its not just the republicans are hurt, you think the democrats are strengthened as a result . I think thats right. A month ago we were talking about syria and the president s problems and making decision there is and all that stuff is wiped away. I think susan is exactly right. The dealts are now energized and unified and the republicans are divided. Woodruff so who gets the credit for this . Is this was this understood to be a white house strategy that paid off . Is that what were talking about, susan . The white house had a strategy that was good, that worked out. I think senator reid and mcconnell deserve a lot of credit and i would give credit to women in the senate. Weve had we have only 20 women in the senate but still its a record. 20 of the 100 and the women in the senate starting with susan colins of maine who pushed for a bipartisan compromise and that is something we know from Academic Studies that women legislators are more likely to seek compromise, to be willing to talk across party aisles. Not every woman Office Holder but as a group women tend to be more willing to do that and you definitely saw that in play in this fight. Woodruff how about speaker boehner, stu . Where does he stand . I think hes going to emerge not that hes undamaged but he is unchallenged. He is unchallenged. What were hearin hearing hearim conservatives is theyre saying, well, john boehner gave us the chance to fight this and he played along with us, he led the fight and we dont blame him. So i dont think theres going to be a challenge to him. There arent a lot of republicans in the conference who want somebody else so i think hes going to survive okay. I think Mitch Mcconnell is the big question mark. Thats because of the difference between the politics back home in kentucky where hes got a challenger and a primary and a significant challenger in the general election. Woodruff how much does this affect other issues . Were already hearing from the president that he wants to push Immigration Reform once this is done. After the last shutdown in 1996 i was covering the white house and it was a big opportunity for bill clinton and Newt Gingrich. They got big legislation through in 1996 after a shutdown where the president was empowered. But it doesnt feel that way to me with this one. For one thing, in the 1996 shutdown, there was a lot of communication between Newt Gingrich and president clinton. There was a certain even though they battled, there was a certain relationship of trust. You dont see any of that now. But its possible. I suppose its possible that this opens the door to more compromise. I just dont think its likely. I cant imagine House Republicans going along with anything the president offers at the moment. Woodruff despite the weakness you just described . Yeah, they have one thing. They can continue to vote no. Thats the one thing they have going for them and if its something that the president wants i think they will be inclined to oppose it. Unless he reaches out to them and they really feel rightly or wrongly that he has not reached out to them. Woodruff on that note we are glad the two of you were here. Stu rothenberg, susan page, thank you. Ifill in other news, Investment Bank j. P. Morgan chase will pay 100 million and admit its traders acted recklessly. The announcement today stems from disastrous trades in the banks london operation that lost 6 billion. The settlement is with the u. S. Commodity futures trading commission. The bank is also paying 920 million in a separate deal with other regulators. A federal jury in dallas has acquitted billionaire mark cuban of insider trading. The owner of the n. B. A. s Dallas Mavericks was accused of selling shares in an Internet Firm based on insider information. The securities and Exchange Commission brought the civil case. Cuban denied any wrongdoing. A court in russia today decided not to imprison Opposition Leader alexei n