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Katy Watson reports on the deal struck over the US budget crisis
There has been international relief at a US deal to reopen the government and raise the debt limit, averting the risk of potential default.
China welcomed the deal, and the head of the International Monetary Fund called it "important and necessary".
Markets in Asia rose on Thursday, though in Europe they dipped slightly in early trading.
Congress voted through the deal less than a day before a deadline to raise the $16.7tn (£10.5tn) debt limit.
It followed 16 days of partial government shutdown, which began when Congress failed to agree on a budget by 1 October.
The measure approved in Washington funds the government to 15 January, and extends the Treasury's borrowing authority until 7 February.
The deal, however, offers only a temporary solution and does not resolve the budgetary issues that fiercely divide Republicans and Democrats.
Republicans had sought to restrict President Barack Obama's healthcare reform in return for approving more spending.
But under the bill that was passed, the law commonly known as Obamacare escapes relatively unscathed.
'Must reduce uncertainty'Politicians, bankers and economists had warned of dire global economic consequences unless an agreement to raise the US government's borrowing limit was reached.
World press reaction
- New York Times editorial: "The Republican Party slunk away on Wednesday from its failed, ruinous strategy to get its way through the use of havoc"
- Commentary in China's The Nan Fang Daily: "If we want to get out of this passive unfavourable situation in the long term, we can only reduce the role of the US dollar and the US debt in the global market"
- Philippe Gelie in France's Le Figaro: "The spectacle presented in Washington over the last few weeks goes beyond the excessive taste of the Americans for political drama"
But IMF head Christine Lagarde's positive response to the news was tempered by a call for further action.
"It will be essential to reduce uncertainty surrounding the conduct of fiscal policy by raising the debt limit in a more durable manner," she said in a statement.
China was among the countries that had called for a swift resolution to the stand-off.
"This issue concerns many countries in the world,'' Chinese foreign ministry spokeswoman Hua Chunyin said on Thursday.
"The US is the biggest economy in the world. For them to handle the issue properly is to their own interest and beneficial to their own development - we welcome their decision."
In Washington, the Office of Personnel announced that federal government operations were open.
Hundreds of thousands of employees were put on leave without pay during the shutdown.
A Department of Interior letter to employees said: "We appreciate your sacrifices through these difficult times and we understand that the lapse in government activities has imposed hardships on you, your families, and the people we serve."
'Missed opportunity'Speaking after the Senate had passed the bill on Wednesday evening, President Obama warned that US lawmakers must "earn back the trust of the American people".
"We've got to get out of the habit of governing by crisis," the Democratic president added.
"Start Quote
End QuoteThe idea that this marks a fight back by moderates against the radical right is, I think, wishful thinking by liberals"
Spurred on by hardline conservatives, congressional Republicans had forced the stand-off by linking budget measures to healthcare reform.
Despite reluctant support from the House Republican leadership for the bill that was approved, most of the party's lawmakers in the House voted against it.
House Budget chairman Paul Ryan, among those who opposed it, called the deal a "missed opportunity".
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Los Angeles views on the political crisis: "I thought it was ridiculous"
"Today's legislation won't help us reduce our fast-growing debt," he said.
"In my judgement, this isn't a breakthrough. We're just kicking the can down the road."
Republican Senator John McCain told the BBC he was "very relieved" that the political crisis had ended.
"I'm guardedly optimistic and confident that we won't revisit it this way again," he said.
"The reaction of the American people is very, very negative, and understandably so."
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