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The ongoing stalemate over the federal government shutdown and the prospect of debt default has damaged public confidence in the country.
Hopes were raised that a deal to end the U.S. shutdown and extend the government's borrowing authority could be reached as soon as Friday.
Republican Arizona Sen. John McCain said it was a mistake to link the debt fight to repealing Obamacare and pushed for the government to open again.
The government shutdown has crippled the economy of an Arizona town near the Grand Canyon, where most residents rely on tourism.
Speaker Boehner said that the GOP would offer a temporary increase in the debt ceiling in return for discussions with Obama on the budget and deficit.
The former Texas congressman and presidential candidate says his worry is a breakdown of the entire system.
With the federal government pushing toward a budget default, big business groups are worried they have lost sway over the GOP majority in the House.
Treasury Secretary Jack Lew warned Congress on Thursday that a failure to raise the debt ceiling in a timely fashion would imperil the global economy.
The federal government shutdown is really getting Larry Cihanek's goats—about 65 of them.
The worst calls for an outright depression as the effects of missing a debt interest payment cascade through the economy, markets and Main Street.
Investors are wary of the U.S.'s ability to pay its debt on time, shifting the market for Treasury bills and potentially having long-term effects.
A personal finance portal, WalletHub, has released an intriguing study that ranks the states most and least likely to be hit by the shutdown.
Fidelity Investments said it no longer holds any U.S. government debt that comes due around the time the nation could hit its borrowing limit.
U.S. mutual funds that loaded up on Puerto Rico bonds, are now the target of an investigation by a state securities regulator.
President Barack Obama nominated Federal Reserve Vice Chair Janet Yellen to replace Ben Bernanke as the chairman of the U.S. central bank.
Janet Yellen's most famous theory explains why she believes in stimulative policies.
Fed members engaged in heated debate before ultimately deciding not to ease back on their monthly bond-buying program, according to minutes.
As the government shutdown enters its second week, a widening circle of consumers are feeling its effects.
D.C. gridlock could leave a void in futures markets, where contracts move on stockpile data. And drilling leases could suffer from curtailed auctions.
Facing a looming federal default, the House GOP leadership will meet with President Obama at the White House on Thursday in a bid to resolve the budget deadlock.
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