The Dow drops more than 100 points shortly after the opening bell despite Congress reaching an 11th-hour debt ceiling deal.
Monuments and museums in Washington are reopening Thursday after President Obama signed a bill late Wednesday to end the government shutdown and push back the debt ceiling.
The deal to end the federal government shutdown includes a victory for the District of Columbia government.
Fool’s errand or heroic stand? The bipartisan compromise on Wednesday to avoid a financial default and end a 16-day partial government shutdown cast a spotlight on Sens. Ted Cruz of Texas and Mike Lee of Utah, who had precipitated the crises with their demand that President Barack Obama gut his 3-year-old health care law.
Sixteen days into the government shutdown, the Senate and House voted Wednesday evening to end the fiscal stalemate.
Carney stated that the shutdown and debt ceiling deadline fighting are bad for the US and world economy, and the effect of “flirtation” with the debt ceiling and default is “harmful to the American people in all cases.”
Amid a government shutdown, looming US default and partisan bickering in Congress, President Obama was still able to focus on one of the more positive, “cool” things about his job.
Billionaire Warren Buffett says it would be idiocy for the nation’s leaders to allow the United States to default on its bills.
District of Columbia Mayor Vincent Gray is meeting with local government leaders from Maryland and Virginia to talk about the wide-ranging effects of the federal government shutdown.
Alan Greenspan tells CBS News Congress is jeopardizing trust in the American economy, and in the U.S. dollar.