What we’re watching Thursday

BY newsdesk  October 17, 2013 at 10:17 AM EDT

Shutdown Aftermath and International Reaction

Government agencies reopen today after late-night Congressional action last night to end shutdown through Jan. 15 and raise the debt limit until Feb. 7

Asian and European markets initially experienced gains in relief, but stocks lower than expected

S&P estimates shutdown took $24 billion out of U.S. economy

Xinhau, China’s state news agency criticizes U.S. deficits and says the deal to end the shutdown only makes “the fuse of the U.S. debt bomb one inch longer.”

IMF urges more stable management of U.S. finances

Italian Prime Minister Visits Washington, D.C.

President Obama holds a bilateral meeting with Italian Prime Minister Enrico Lettaat 11:30 a.m. EDT to discuss a proposed trans-Atlantic trade agreement and security concerns in the Middle East. Prime Minister Letta spoke with Judy Woodruff Wednesday about the importance of a U.S. budget deal on international market stability, the ongoing Euro crisis recovery and Italy’s next move on immigration reform.