Obama: Government "open for business" following budget deal 

President Obama praised lawmakers for averting a government shutdown on Friday night by compromising on spending cuts and agreeing to debate the underlying social issues – including funding for Planned Parenthood – at a later date. 

"Tomorrow, I’m pleased to announce that the Washington Monument, as well as the entire federal government, will be open for business," Obama said in a short statement from the White House just before 11 p.m., as lawmakers on Capitol Hill scrambled to finalize a resolution funding the government through the next six days.

The deal cuts roughly $40 billion in domestic and foreign aid and caps fiscal 2011 appropriations near or below $1.05 trillion. The resolution will keep the government open for the next six days while a long-term deal is worked out to fund operations through September, the end of current fiscal year.

After narrowly dodging what would be the first government shutdown in 15 years, Obama appeared relieved and stressed that both parties made significant compromises. 

"Today Americans of different beliefs came together again," he said. "We also made sure that at the end of the day, this was a debate about spending cuts, not social issues like women’s health and the protection of our air and water.  These are important issues that deserve discussion, just not during a debate about our budget."

The president, who didn't personally enter the gridlocked budget negotiations until a few days ago, credited both sides for their willingness to compromise after a weeks-long stalemate.

"A few months ago, I was able to sign a tax cut for American families because both parties worked through their differences and found common ground," he said. "Now the same cooperation will make possible the biggest annual spending cut in history, and it’s my sincere hope that we can continue to come together as we face the many difficult challenges that lie ahead."


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