Obama's day: A new fiscal year

President Obama celebrates the start of the new fiscal year Thursday with a low-key schedule and the absence of a government shutdown.

The Republican Congress passed a temporary spending bill just hours before a Wednesday deadline, allowing the government to keep running as Fiscal Year 2016 begins Thursday -- and earning a back-handed compliment from Obama.

"The good news is that it looks like the Republicans will just barely avoid shutting down the government for the second time in two years," Obama told a group of state legislators gathered at the White House. "That's a somewhat low bar, but we should celebrate where we can."

So far, the president has no public events on his Thursday schedule. He does have a private meeting in the afternoon with Treasury Secretary Jack Lew.