Threat of default overtakes government shutdown as center of attention for Obama, Congress WASHINGTON (AP) — A market-rattling federal default loomed and the partial government shutdown lingered on Monday, but a gridlocked Congress betrayed little or no urgency toward resolving either of the nation's most challenging short-term economic disputes. Stocks ...
Investors sent the Standard & Poor's 500 index to its lowest close in a month Monday as few signs emerged of a deal to end the U.S. government shutdown and raise the nation's borrowing limit. Senate Democrats moved to introduce legislation to raise the nation's debt limit without the unrelated ...
The glitch-ridden rollout of President Barack Obama's health care law has opponents crowing: "Told you so!" and insisting it should be paused, if not scrapped. But others, including insurance companies, say there's still enough time to fix the online enrollment system before uninsured Americans start getting coverage on Jan. 1. ...
The new $100 bill, with an array of high-tech features designed to thwart counterfeiters, will get its coming out party on Tuesday, partial government shutdown or not. The Federal Reserve, which has not been affected by the shutdown, will have armored trucks rolling from its regional banks around the country ...
The Supreme Court on Monday debated whether to allow continued class-action lawsuits from investors who lost billions in former Texas tycoon R. Allen Stanford's massive Ponzi scheme. Justices listened to lawyers argue over whether lawsuits should proceed against individuals, law firms and investment companies that allegedly aided Stanford's fraud. Stanford ...
A government shutdown is having far-reaching consequences for some, but minimal impact on others. Mail is being delivered. Social Security and Medicare benefits continue to flow. But vacationers are being turned away from national parks and Smithsonian museums, and that's having a ripple effect on those businesses and communities that ...
Iraq's northern self-ruled Kurdish region has given the green light to a consortium led by a United Arab Emirates state-run energy investment company to pump oil, a statement said Monday, in a latest move shows the Kurds' determination to pursue ambitious oil plans despite central government objections. Ethnic Kurds and ...
Shares of BlackBerry Ltd. rose more than 4 percent Monday on a report that the company is in sale talks with a handful of companies. Reuters reported Friday that the struggling smartphone maker was holding discussions with Cisco, Google and SAP about a possible sale of all or part of ...
The mood in financial markets was cautious on Monday as the partial shutdown of the U.S. government entered a seventh day and lawmakers appeared to be making little headway in raising the country's debt ceiling. Stocks drifted lower and the price of oil dropped sharply as traders became nervous about ...
They speak different languages, live in countries rich and poor, face horrible job markets and healthy ones. When it comes to money, though, they act as one: They're holding tight to their cash, driven more by a fear of losing what they have than a desire to add to it. ...
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