President Obama signed an 11th-hour deal averting a devastating debt default. But it’s a short-term deal that may result in another funding battle on January 15 and debt limit deadline February 7. What is the real economic impact of the shutdown? And what effects will it have on markets? We hear from John Cochrane from the University of Chicago's Booth School of Business, and Edward Stuart from Northeastern Illinois University.

What are your thoughts on the gridlock in Washington? Will you vote to reelect your congressman? Share your thoughts below.

Related Links:

Chicago Tonight: IL Lawmakers React to Debt Deal

The New York Times article on Republicans Back Down, Ending Crisis Over Shutdown and Debt Limit

The Wall Street Journal: Quick Guide: What’s in the Debt Deal?

The Wall Street Journal: Tallying the Economic Toll of the Shutdown and Default Threat

Washington Post article on Shutdown deal averts catastrophe but leaves economy in peril

The New York Times article on A Federal Budget Crisis Months in the Planning

Bloomberg: Shutdown Hit Boehner’s Favorite Diner as $24 Billion Lost

Chicago Tribune editorial: At last, a focus on debt

The Wall Street Journal: Business Voices Frustration With GOP

The Economist: Meh ceiling?

Los Angeles Times article on Four facts about the national debt you may not know

The Economist: How the shutdown plays in Peoria

Bloomberg Businessweek article on Congress Vote Ends Impasse to Be Revisited in January

CNNMoney: 4 reasons the deal is not so great

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