Budget Deal Averts U.S Govt. Shut Down

On Friday, millions of Americans particularly federal employees breath in a sigh of relief as the lawmakers in Washington reached a short-term deal not to shut federal government down. The deal which was signed into law by the President Obama will allow government to remain open for business until next Friday. There are still six more months in the current fiscal year and both sides of the government are in the process of reaching at another deal which would avoid shut down until the end of this fiscal period. Should the government shut down in case of deal failure between the two parties, millions of federal employees would not have payday resulting in interruption in many public services. The two parties argued over the how much the spending cut should be. Although government shut down is not uncommon, but it also means disruption in services essential to many Americans. Follow more at: http://money.cnn.com/2011/04/08/news/economy/budget_deal/index.htm?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29

Submitted By: Namgyel Dorji