Awwal 06, 1432, April 10, 2011, SPA -- U.S. President Barack Obama signed a short-term funding extension on Saturday hours after Democrats and Republicans narrowly averted a partial shutdown of the federal government by agreeing on the measure and a budget deal. The new funding extension, which cuts spending by $2 billion, will last through next Friday, April 15. The Senate immediately passed the extension on a voice vote. The House of Representatives followed suit early Saturday morning, CNN reported.