The new Companies Bill seeks to protect minority shareholders by barring interested parties...
Obama said the US will start reopening the government right away
Less than four hours before the midnight deadline, the United States’ Senate voted 81-18 the legislation to end a 16-day government shutdown and avert a catastrophic debt default.
The Bill will fund the US government through 15 January 2014 and averts default through 7th February during which time the Congress can work towards a long-term budget agreement that prevents these frequent crisis.
US President Barack Obama said that he would sign the legislation immediately after it is passed by the House of Representatives.
“The Senate has now voted to approve this agreement, and Democrats and Republicans in the House still have an important vote to take, but I want to thank the leaders of both parties for getting us to this point. Once this agreement arrives on my desk, I will sign it immediately,” Obama told reporters at the White House.
He said that the US will start reopening the government right away.
“We’ll begin reopening our government immediately, and we can begin to lift this cloud of uncertainty and unease from our businesses and from the American people,” he said.
The US President said that he has got some thoughts about how they can move forward in the remainder of the year stay focused on the job at hand and win the trust of Americans lost during the crisis.
“Because there is a lot of work ahead of us, including our need to earn back the trust of the American people that has been lost over the last few weeks. And we can begin to do that by addressing the real issues that they care about,” he said.
Moneylife Foundation brought together several NGOs, activists and concerned citizens to...