U.S. House passes bill to retroactively pay furloughed government workers

WASHINGTON Sat Oct 5, 2013 8:31pm IST

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WASHINGTON Oct 5 (Reuters) - The Republican-led U.S. House of Representatives unanimously approved a bill on Saturday that would retroactively pay 800,000 furloughed workers once the now 5-day-old government shutdown ends.

The measure now goes to the Democratic-led Senate for concurrence. The White House has said that President Barack Obama will sign it into law. There is no end in sight to the shutdown, and there are still no bipartisan negotiations.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.