10/16/2013 08:18 pm ET Updated Dec 16, 2013

Obama Speaks On Deal To Reopen Government, Raise Debt Ceiling


President Barack Obama is slated to speak Wednesday on the deal reached by congressional leaders to reopen the government after a 16-day partial shutdown and raise the debt ceiling ahead of the October 17 deadline.

According to the White House, the president will speak at 8:25 p.m. ET.

The bill, unveiled by Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) earlier Wednesday, will provide funding for the government through January 15 and raise the debt ceiling until February 7. It passed the Senate by a 81-18 vote.

Watch live video of Obama's remarks above.