With the double crises of a partial government shutdown and a potential debt default resolved, it's a good time to consider some of the lessons we learned from the dysfunction and drama of recent weeks.
Here are 10 of them:
Shutting Down The Government Is Not A Winning Political Strategy
The government shutdown has taken a toll on the nation's economy and despite a deal that sidesteps a debt default and restarts the government (at least for a few months), growth forecasts for the last quarter of the year are being scaled back.
Economist Mark Zandi of Moody's Analytics has shaved his gross domestic product forecast from a 2.6 percent annualized rate to 2.1 percent for the last three months of the calendar year.
In one of the strangest moments of a strange few weeks on Capitol Hill, a House stenographer broke into a rant about God, the Constitution and Freemasonry as representatives cast their votes Wednesday on a deal to reopen the government.
"He will not be mocked," the stenographer, later identified as Dianne Reidy, yelled into the microphone at the chamber's rostrum. "The greatest deception here is that this is not one nation under God. It never was. It would not have been. The Constitution would not have been written by Freemasons. They go against God."
With hours left before the U.S. Treasury could start defaulting on its obligation, House Speaker John Boehner finally appears to have relented to allow an end to the standoff using a mix of Democratic and Republican votes.
Politicians and pollsters alike are watching to see how all this plays out. The Pew Research Center has just finished a poll to gauge the effect the shutdown and the debt ceiling debate have had on the Tea Party's image.
And joining us is Michael Dimock, director of Pew. Welcome back, Michael.
MICHAEL DIMOCK: Thanks for having me.
CORNISH: So, before we get into the numbers, just give us a snapshot of what you would consider your average Tea Party conservative. Who are they?
Virginia Republican Scott Rigell was elected to the House of Republicans in the Tea Party wave of 2010, but in recent days, he's argued for compromise. When I reached Congressman Rigell earlier today, he was already certain how he'd vote on this Senate deal.
The government shutdown should end tonight and America should be able to pay its bills. Both the House and Senate will vote this evening on legislation to achieve those goals. For months, President Obama has said he would not negotiate with Republicans in Congress about Obamacare or the federal deficit until those goals were met. After weeks of stalemate and more than two weeks into a partial shut down of the federal government, the GOP met his demands.
On Wednesday, the stock market cheered the debt ceiling deal in Congress. The Dow gained 206 points and all the major indexes closed higher.
Investors of course have been watching the showdown in Washington very closely, since a default could have been a global financial disaster. At the same time, economists are trying to figure out how much the jitters and uncertainty over all this has been hurting the economy.