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President Obama's best friend could be Wall Street's worst nightmare. A market crisis could be just what settles the impasse in Washington.
Wall Street needs to be genuinely worried about what is going on in Washington, President Barack Obama told CNBC.
After meeting at the White House, Senate Minority Leader Mitch McConnell says Washington is far from resolving its differences over the U.S. government shutdown.
In an exclusive interview, the president warned Wall Street that this shutdown could be different—and Twitter did not take the news quietly.
CEOs from major banks met with President Obama on Wednesday and warned of the consequences if lawmakers fail to raise the US debt ceiling.
From Alcatraz to Hollywood, blood drives and daycare, the US government shutdown is having a serious ripple effect.
Senate Majority Leader Harry Reid sent a letter to House Speaker John Boehner offering budget talks, and the two spoke by phone Wednesday.
According to the former representative, both parties are "trying to bamboozle the American people."
The government shutdown probably puts an end to the idea that the Fed will taper this month. The BLS won't be supply inflation or employment numbers.
"This shutdown is bad. It's painful. [But] we hit this debt ceiling. That's catastrophic," Erskine Bowles tells CNBC.
A 19th-century law could get administration officials fired, or even imprisoned if they make the wrong the choices while the government is shut down.
The federal government shutdown is already affecting contractors and threatens to dampen private-sector employment, at least in the near-term.
Business leaders fear bigger problems ahead with the GOP, and now they're taking sides with a president whose agenda they have vigorously opposed.
The long-awaited health insurance websites were besieged by millions of visitors, which overwhelmed the system in many cases.
The U.S. Treasury on Tuesday started using its last tools for pushing back the day when the government will run out of legal borrowing authority.
Speaker of the House John Boehner on Tuesday said the government shutdown could last a week or longer, a top aide to the Republican leader told CNBC.
If Congress forces the US Treasury to default on its payments, it could wreak much deeper havoc than the ongoing government shutdown.
The government is furloughing 800,000 workers in the shutdown. How much do you suppose this shutdown is costing? Millions? Billions?
Although there's no substitute for seeing Old Faithful or the National Zoo's pandas in person, experts say people aren't entirely out of luck.
President Obama castigated the tea party for shutting down the government over an "ideological crusade" on health care reform.
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