In a surprise announcement Friday as Washington was winding down for Easter, the State Department said federal agencies will have more time to weigh in on the politically fraught decision— but declined to say how much longer.» Read More
*Gold near 1-1/ 2- week peak after best week since Aug. LONDON, Oct 21- Global shares hovered at five-year highs on Monday while the dollar edged up against the yen as investors looked ahead to a deluge of U.S. data for clues on when the Federal Reserve will begin scaling back its stimulus.
*Dollar index struggles near 8- month low. *Tuesday's U.S. payrolls data in focus. LONDON, Oct 21- The dollar rose against the yen and the Swiss franc on Monday as some investors positioned for a strong U.S. jobs data reading on Tuesday, which could revive the debate on when the Federal Reserve will scale back monetary stimulus.
*Australian shares gain 0.6 pct, hit 5- year highs. TOKYO, Oct 21- Australian shares climbed to a five-year peak on Monday, drawing confidence from another record high on Wall Street as investors bet the Federal Reserve will put off winding back its cheap money policies until next year.
*Dollar index near 8- month low. TOKYO/ SINGAPORE, Oct 21- The dollar was mired near an 8- month low against a basket of currencies on Monday on growing expectations the U.S. The U.S. economy is losing steam and cannot withstand tapering, "said Daisuke Uno, chief strategist at Sumitomo Mitsui Bank.
Op-ed: The impact of default on America's superpower status would be like a nuclear bomb, said former ambassador Andras Simonyi.
Furloughed federal workers who have trouble paying bills can send their creditors a letter from the government pleading for patience.
A House effort to end the shutdown and extend the Treasury's borrowing authority collapsed as a major credit agency warned the U.S. is on the verge of a downgrade.
Hours after announcing the House would hold an evening vote on a GOP-crafted measure the vote was delayed, kicking the debate back to the Senate.
There have been many government shutdowns but the one in 1995 was the big one, the superstorm of shutdowns. Here's how it finally ended, Daniel Yergin writes.
The government shutdown won't stop the IRS when it comes to taxes—at least for those who filed six month extensions.
Financial experts provide insight into three areas where people would feel the pinch if the nation defaults, and how people can prepare for the worst.
President Obama and House Republicans did not agree on an extension of the nation’s borrowing authority, but both sides agreed to keep talking.
The ongoing stalemate over the federal government shutdown and the prospect of debt default has damaged public confidence in the country.
President Barack Obama nominated Federal Reserve Vice Chair Janet Yellen to replace Ben Bernanke as the chairman of the U.S. central bank.
Leaders are counting on an economic meltdown to pull Republicans into line, but a broad section of the party says a default poses little threat.
Four structural factors helped push the U.S. into this government shutdown, and now facing potential default.
The more Wall Street is convinced that Washington will act rationally and raise the debt ceiling, the less pressure there will be on lawmakers.
Advocates and experts worry that the shutdown will make the already difficult task of luring talented employees to government jobs even tougher.
John A. Boehner said the House would not vote to reopen the government without compromises on the health law.
Let's show our appreciation by urging Congress to put those dedicated public servants back to work and let them continue to improve our nation.