Down to the Wire: Deal in Works to Reopen the Government

Economic disaster is averted for now, but just barely; president promises to sign agreement.
2:47 | 10/16/13

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Transcript for Down to the Wire: Deal in Works to Reopen the Government
The government crisis may be ending. Look at the live shot, the senate floor, senators will be summoned to gather and vote and the house is expected to vote next. Our abc news team is out in force tonight. We begin with abc's white house correspondent jonathan karl. Reporter: We have a deal, but once again, they had to go to the brink before coming to an agreement. The house will vote shortly before midnight. The worst of the crisis is averted, but just barely. Reporter: Beaten and battered by a showdown that has cost his party, and the country dearly, speaker of the house john boehner seemed relieved it's almost over. Mr. Speaker, did you fight the good fight? Reporter: The final agreement came out of the senate. The democratic and republican leaders finally coming together. This is not a time for pointing fingers and blame. This is a time of reconciliation. This has been a long, challenging few weeks for congress and for the country. Reporter: But just as senate republican leader mitch McCONNELL WAS ANNOUNCING THE Agreement -- fellow republican ted cruz, who more than any individual, led the fight over obama care that triggered the shutdown, came to the cameras to denounce the compromise. The deal that has been cut provides no relief to the millions of americans who are hurting because of obama care. Reporter: All the bluster, cruz said he would not try to block the vote. The agreement would reopen the GOVERNMENT UNTIL JANUARY 15th, Prevent default, but only extend the nation's credit line to february 7. The final deal makes no changes to obama care -- the republican demand that started it all. But speaker boehner said in a radio interview, there is no reason republicans should vote no. We just didn't win. Reporter: What did the showdown accomplish? It delayed clinical trials for cancer research, curbed school lunch programs, put 800,000 federal workers out of work, and wreaked havoc on tourists and the businesses who depend on them. But the deal is only temporary. Could there be another crisis in three months when it runs out? Listen, we just can't do this anymore for the country. I think the american people are so tired of it and rightly so. Reporter: White house press secretary said the president applauded the deal and will sign it as soon as it was passed. But when asked did the president win his showdown with republicans, carney said only, there are no winners here. And I think that is undoubtedly

This transcript has been automatically generated and may not be 100% accurate.

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