Most of Wall Street views a budget agreement as a done deal. If it's not, lots of people will have to rethink rosy scenarios for a happy New Year.» Read More
CNBC's Courtney Reagan reports how the government shutdown is impacting folks in Cherry Hill.
CNBC's Jon Fortt reports from San Francisco about the impact from the government shutdown.
CNBC's Julia Boorstin reports there are some entertainment industry events on hold amid the government shutdown.
CNBC's Eamon Javers reports on some interesting events happening around the government shutdown. He focuses on Chris Cox who volunteered his time to mow the lawn at the Lincoln Memorial.
CNBC's John Harwood says all attention is focused on the Senate, where Harry Reid and Mitch McConnell both came to the Senate floor today to express their optimism that a deal would be struck.
*Senate's top Democrat and top Republican express optimism. The Senate's top Democrat and top Republican both said they hoped they could soon reach an agreement that would allow them to avert a looming default and end a partial government shutdown that has dragged on for 14 days so far.
NEW YORK, Oct 14- Global equity markets rebounded and oil pared its losses on Monday on news of a planned meeting between President Barack Obama and leaders in Congress to discuss an impasse over how to extend the U.S. debt ceiling and end a partial government shutdown.
"I'm very optimistic that we that we will reach an agreement that's reasonable in nature this week," Senate Democratic Leader Harry Reid said on the Senate floor.
*Senate leaders say deal near on budget, debt limit. *Netflix shares soar, boosting Nasdaq; Expedia plummets. Senate Majority Leader Harry Reid and Senate Republican leader Mitch McConnell, who began talks on Saturday, appeared together on the Senate floor and expressed optimism a deal could be made final within days.
NEW YORK, Oct 14- Global equity markets and oil prices rebounded on Monday on news of a planned meeting between President Barack Obama and leaders in Congress to discuss an impasse over how to extend the U.S. debt ceiling and end a partial government shutdown.
WASHINGTON, Oct 14- A meeting between President Barack Obama and congressional leaders to discuss progress toward a deal to re-open the government and raise the U.S. debt ceiling has been postponed to give the Senate more time, the White House said on Monday.
*Netflix leads tech shares higher. NEW YORK, Oct 14- U.S. stocks rose on Monday, rebounding from losses, as plans for President Barack Obama and Vice President Joe Biden to meet congressional leaders raised hopes a resolution to the fiscal impasse was closer.
WASHINGTON, Oct 14- President Barack Obama said lawmakers appear to have made progress on a deal to reopen the government and avert a looming default on Monday as he prepared to meet congressional leaders with a Thursday deadline drawing near.
*Unexpected drop in exports from China weigh on global equities. *Expedia shares plunge after Deutsche Bank downgrade.
*Unexpected drop in exports from China weigh on global equities. NEW YORK, Oct 14- Wall Street was set for a lower open on Monday, focused on events in Washington after weekend talks between Republicans and Democrats showed some progress but left alive the risk of a possible U.S. default in three days, pressuring stocks.
The expectation that a debt deal may be forthcoming from talks in the Senate is "very possible," Sen. Bob Corker told CNBC.
*Unexpected drop in exports from China weigh on global equities. Senate Majority Leader Harry Reid and Republican leader Mitch McConnell held talks that Reid later called "substantive." Both the Senate and House are scheduled to be in session on Monday, even though it is the Columbus Day federal holiday.
*Unexpected drop in exports from China weigh on global equities. NEW YORK, Oct 14- U.S. stock index futures fell on Monday as continuous gridlock in Washington was likely to resume selling pressure in equities as there were no guarantees the federal government shutdown was about to end or that a historic debt default would be avoided.
LONDON, Oct 14- European equities were little changed on Monday as weakness in technology shares, after a warning from Dassault on revenue growth, offset gains in defensive stocks. Concerns about any impact from the U.S. budget impasse and fears of slower growth in China hurt cyclicals most.
LONDON, Oct 14- European shares held steady early on Monday, with investors taking a cautious stance after U.S. politicians failed over the weekend to resolve budget issues and the world's biggest economy moved closer towards a debt default.