GOP hangs tough in shutdown standoff
WASHINGTON - House Republicans held their ground in a standoff with President Barack Obama over the U.S. government shutdown, accusing him of intransigence and not caring about the impact of the shutdown, now in its fourth day. Full Article
Fed official: New chair to face key test on keeping policy easy
- The key challenge for the next chair of the Federal Reserve will be resisting pressure for a premature tightening in monetary policy, a senior U.S. central banker said on Friday.
- Wall Street ends up, but Dow, S&P fall for week as shutdown drags on
- Email, undisclosed in SAC trader's case, could help defense: sources
- Icahn caves on Dell again, will not seek share rights
- Analysis: IT experts question architecture of Obamacare website
- Italian Senate panel recommends Berlusconi's expulsion
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The cost of rejecting Medicaid expansion
PASCAGOULA, Mississippi - As Americans across the nation begin to find out what Obamacare has in store for them, many of Mississippi's most needy will find out the answer is nothing. Full Article
Twitter celebrity name-dropping reflects IPO risk
SAN FRANCISCO - Celebrity chef Mario Batali landed on a new promotional platform this week, one that was regulatory rather than razzle-dazzle: Twitter's initial public offering, a factor which underscores a unique risk factor for potential investors. Full Article
At least four killed in Egypt protests
CAIRO - Five people were killed in clashes as supporters of deposed President Mohamed Mursi took to the streets of Cairo and other cities to demand the end of army-backed rule. Full Article
Switzerland probes possible bank forex rigging
ZURICH - Switzerland's financial markets regulator is working with authorities in other countries to investigate possible manipulation in the $5 trillion-a-day foreign exchange market potentially involving multiple banks. Full Article
Netanyahu struggles to set terms in Iran dispute
NEW YORK - Israeli Prime Minister Benjamin Netanyahu said this week that Iran's new president was a "wolf in sheep's clothing", but he himself looked increasingly like a lone wolf as his allies seek to bring Tehran into the fold. Full Article
Ending the week on an up note
Oct. 4 - Summary: Stocks close out week with gains; reports of Boehner-led debt ceiling compromise boosts confidence; Twitter IPO details talk of Wall St.; Investors belly up to Potbelly. Bobbi Rebell reports.
Latest Headlines
How to fix the GOP’s discipline problem
Whether or not Boehner succeeds, it is increasingly difficult to deny that the Republican negotiating position is being constrained if not dictated by a small minority of members from safe seats who seem indifferent to leadership demands, or rather leadership requests. Commentary
In pursuit of American humility
In a G-Zero world, strong words do not qualify as leadership. It’s only credible when you call for reforms or actions that you actually stand behind - and reflect them in your domestic policy. Full Article
Canceling the debt ceiling apocalypse
It is worth considering that a U.S. default may not have quite the feared effects, especially because it is such an unprecedented possibility that no one can predict what its outcome might be. Commentary
The news media shutdown
Simplistic, reassuring narratives and angry arguments are more popular and profitable than dispassionate descriptions of complex public policy problems. For a collapsing, digital-age news industry desperate for income, partisanship keeps it afloat. Commentary
The real reasons America's pensions are hurting
It’s tempting to blame Wall Street, but that does not solve the problem. It enables public employees to lobby against their own long-term interests. Commentary
Game theory and America's budget battle
Financial markets and businesses have responded with a tolerance bordering on complacency to the shenanigans in Washington, but this attitude could change abruptly if the House Republicans’ capitulation is delayed too long. Commentary
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A family's fading hopes for Obamacare
Their daughter's illness has left William and Leslie Johnson in a financial crisis but Mississippi's rules around Obamacare may leave them without the help they need. Video
Twitter's IPO: What you need to know
Twitter filed public IPO papers yesterday that disclosed just how much money its bringing in, and the challenges it will face. The WSJ has a full rundown. Read more at Counterparties
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