JPMorgan Chase trader Frederick Reimer works on the floor of the New York Stock Exchange. The government's monthly jobs numbers won't be released as scheduled Friday, leaving financial markets without key data to evaluate the economy.
Originally published on Thu October 3, 2013 1:32 pm
Stock investors and business journalists unite each month for one shared, suspenseful moment — the 8:30 a.m. release of the Labor Department's employment report.
The unveiling of the report — so rich with data on job creation, unemployment, wages and hours — can be counted upon to set off a tsunami of tweets. Economists jump in with instant analysis and politicians fire off press releases with reactions.
Originally published on Thu October 3, 2013 3:30 pm
The Treasury Department is issuing a warning of dire economic consequences that could rival the Great Recession if Congress is unable to agree on raising the debt ceiling and the nation defaults on its obligations.
First there was the attention paid on Tuesday when a group of WWII veterans (with some help from Republican members of Congress and their staffs) ignored barricades and went through with their long-planned visit to the site.
Originally published on Thu October 3, 2013 8:16 am
Good morning, fellow political junkies. As we enter Day 3 of the federal government shutdown, the impasse appears no closer to a solution. Nothing like a way forward seemed to come from President Obama's White House meeting Wednesday evening with congressional leaders.
But, then, we didn't expect much from it since the president's people said he wouldn't be negotiating.
Good morning. I'm Renee Montagne. Marina Shifrin became an Internet sensation this week when she danced her way out of the office to Kanye West's hit song "Gone." Captions detailed her grievances, like long hours. Her former company, in Taiwan, makes animated videos, so naturally it responded in kind to "The Quitting Dance."
"A ship carrying African migrants to Europe caught fire and capsized off the Italian island of Lampedusa on Thursday, killing at least 94 people as it spilled hundreds of passengers into the sea, officials said. Over 150 people were rescued but some 200 others were still unaccounted-for."
The U.S. dollar remains strong, having weathered an economic meltdown, a government shutdown and the stomach of a dog. Wayne Klinkel of Montana was on vacation with his wife. They left the dog in a car when they stopped at a restaurant and returned to find the dog, Sundance, had eaten five $100 bills. Mr. Klinkel's family collected pieces of money as they emerged and sent them to the U.S. Treasury, which has now reimbursed him.
A gate leading into the Joshua Tree National Park California is latched (though not locked) because of the partial government shutdown. Though national parks are technically closed, <a href="http://www.npr.org/2013/10/03/228719015/national-parks-close-as-other-public-lands-stay-open">national forests remain open</a> — they're too large to close.