With less than an hour to go before the debt ceiling deadline, President Obama signed legislation that basically kicks the debt can briefly down the road. It brought an end to the government shutdown, reopening it until January 15th. It also suspended the debt ceiling until February 7th*, and set up a committee to come up with a bipartisan budget deal.
If this seems like deja vu to some of you, it does look very similar to the deal we had following the crisis two years ago. But there are a couple of critical differences here, which are worth looking into.
