On the recordOctober 16, 2013
the eyes of the world have been on Washington all this week--and that is a gross understatement--and while they witnessed a great deal of political discord, today they will also see Congress reach a historic bipartisan agreement and avoid a default on the Nation's bills. The compromise we reached will provide our economy with the stability it desperately needs. It is never easy for two sides to reach consensus. Sometimes it is harder than others. This time it was really hard. After weeks spent facing off across a partisan divide that often seemed too wide to cross, our country came to the brink of disaster. But in the end, political adversaries set aside their differences and disagreements to prevent that disaster. I thank the Republican leader for his diligent efforts to reach this important agreement. The Republican leader's cooperation was essential to reach an accord to pass both Chambers of Congress and also be signed by President Obama. As part of our agreement, in order to ensure Congress continues the work of setting this country on a path of fiscal sustainability, this legislation instructs leaders to name conferees to a budget conference committee that will set our country on a long-term path to fiscal sustainability. I know some say that is going to be hard. What we do is hard here, and this is really hard, but I think we can get it done.…





