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Live blog: Latest on the government shutdown and the debt ceiling

By CNN Staff
updated 1:43 PM EDT, Wed October 16, 2013

Washington (CNN) -- We're in Day 16 of the partial government shutdown and just hours from when the Treasury says it will run out of money to pay its bills.

But a deal has just been announced.

We'll bring you the latest information here.

.

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Part of complete coverage on
Why 'prioritization' won't work and why Oct. 17 is not 'default day.'
It's time to start thinking about the unthinkable, if you haven't already. Here's what many believe is at risk if lawmakers do decide to test the waters of default.
At the end of July 2013, foreign holders of U.S. Treasury securities totaled close to $5.6 trillion.
38% of Americans think it would be a good idea not to raise the debt ceiling. If the country wants to continue paying all its bills, that's not a realistic option.
Treasury Secretary Jack Lew underscored the importance of raising the debt ceiling to avoid dire consequences domestically and around the world.
Sen. Ted Cruz of Texas linked raising the debt ceiling to funding the Affordable Care Act in an exclusive interview with Candy Crowley.
updated 8:31 AM EDT, Fri October 4, 2013
A little-known provision of the Constitution might provide a little-used way for President Barack Obama to unilaterally get around stalled efforts to prevent the country from defaulting on its debts.
updated 1:58 PM EDT, Thu October 3, 2013
It's a recurring nightmare. The ceiling is slowly closing in on you, and there is no way you can stop it. Panic crests just as it is about to squish you, then you wake up with a jolt.
updated 12:40 PM EDT, Tue October 8, 2013
With a lot of facts and figures thrown around the government shutdown and the looming debt ceiling deadline, here are the ones you need to know.
Economic catastrophe may come on the heels of the shutdown, when the U.S. could default on its loans if Congress doesn't raise the debt ceiling.
Practical nightmares. Legal disputes. Ethical dilemmas every which way till Sunday. This is why it's impossible to safely "prioritize" Treasury payments.
The nation's borrowing authority runs out in mid-October. House Republican leaders met to discuss a number of GOP policy priorities they plan to attach to a bill to raise the debt limit.
Treasury Secretary Jack Lew told Congress that the U.S. government has started to use the last of its "extraordinary measures" to ensure it stays below the debt ceiling.
Rep. Keith Ellison says the GOP is creating economic uncertainty by bringing the debt ceiling into the Obamacare debate.
Congress could kill two birds with one stone by ending the government shutdown and raising the debt ceiling all at once.
Why should you care about the debt ceiling? Honestly, you shouldn't have to. Problem is Congress has turned the debate over raising it into a national drama.
updated 1:33 PM EDT, Wed October 2, 2013
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Surveys indicate that most Americans didn't think shutting down the government in an attempt to dismantle the new health care law was a good idea.
updated 1:50 PM EDT, Sat September 28, 2013
CNN's Tom Foreman explains the government's spending dilemma and consequences of a government shutdown.
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