Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
Hagibis dropped record amounts of rain for a period in some spots, according to meteorological officials, causing more than 20 rivers to overflow.Asia Newsread more
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
Markets should probably start praying for a government shutdown next week. Because if that doesn't happen, and conservative Republicans in the House move their fight over defunding Obamacare to the debt ceiling, the chances of a real default crisis will rise.
The week in Washington ended with House Republicans hopelessly befuddled over strategy for the fiscal fights with each idea presented by GOP leadership shot down as not conservative enough.
The House will have to decide what it wants to do with a clean continuing resolution from the Senate that funds the government past Oct. 1 and does not delay the president's health care law.
(Read more: Senate passes funding bill, preserves Obamacare )
The House could send that measure back with new Obamacare changes unacceptable Democrats possibly forcing a shutdown next Tuesday. That could then lead to some kind of deal that both reopens the government and raises the debt limit before the Oct. 17th deadline. That's probably the best-case scenario.
The GOP could also send back a temporary government funding bill that pushes a shutdown back a couple of weeks, tying it directly into the debt limit bill. That's not a good scenario for investors as it creates even more uncertainty and risk of a shutdown and a default.
(Read more: DC's autumn chill means heated political battles)
Or Republicans could swallow the Senate bill and move on to the debt limit, thinking the White House will have to move off its no negotiations stance and give major concessions on spending and Obamacare.
But this theory is likely wrong.
There is no scenario under which the White House will agree to a debt limit hike with Obamacare provisions attached. The administration is also very serious about not setting a historic precedent for turning the debt ceiling into a political weapon the opposition party can use to force big concessions they could never otherwise get.
The White House says while debt limit bills have often included other provisions to make the medicine go down (no one LIKES voting for a borrowing authority increase) never before has an opposition party threatened default in such a serious manner.
House Republicans reportedly fear getting blame for a shutdown more than a debt ceiling crisis. This is based on polls showing Americans generally don't like the idea of raising the nation's borrowing limit without some added spending restraints. But that's a long way from supporting a disastrous debt ceiling breach that crushes the economy over a GOP attempt to shut down Obamacare.
Once people figure out exactly what the debt limit is (covering spending Congress already approved) and why we might flirt with economic disaster, you can bet the polls are going to be disastrous for Republicans. .