Asia shares higher on US debt deal

Asian shares opened higher on Monday, after US lawmakers agreed on a deal to raise the US debt limit. After a tense weekend in which rival plans to lift the US borrowing limit were shot down in Congress, US President Barack Obama said leaders from both parties reached a deal to cut the budget deficit by 1 trillion US dollars over 10 years, with additional savings of 1.4 trillion US dollars possible. Obama announced the last-minute deal late on Sunday, and he urged lawmakers to "do the right thing" and approve the agreement.