Congress
Government Shutdown
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Op-ed: The impact of default on America's superpower status would be like a nuclear bomb, said former ambassador Andras Simonyi. » Read More
By: Reuters with CNBC.com
Obama signed a last-minute deal early Thursday morning to avert a damaging debt default and to reopen the government. » Read More |
By: Mohamed A. El-Erian | CEO & CO-CIO, PIMCO
Global markets cheered as the US appears to have dodged potential economic catastrophe but what happens now? Pimco's Mohamed El-Erian weighs in. » Read More |
By: Katy Byron
Pimco founder Bill Gross warned Treasury investors that this type of gridlock is likely here to stay. » Read More |
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Berkshire Hathaway's chairman said he doesn't expect the U.S. will default on its debt, but if it does it would be a "pure act of idiocy."
How destructive would a US default be? John Chambers, chairman of the sovereign ratings committee at Standard and Poor's, has a grim answer.
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.
Former Vice President Walter Mondale laid blame on the tea party and GOP "hardliners" for the government shutdown and looming debt ceiling deadline.
The normally immaculate White House kitchen garden now looks more like most gardeners' plots at this time of the year - overgrown.
Some commentators and analysts have likened the behavior of U.S. lawmakers to teenagers, spoilt children and even munchkins.
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.
Perhaps the only people who have managed to find a silver lining in the ongoing U.S. government shutdown are Chinese intellectuals. The GP reports.
Erskine Bowles indicated on CNBC that Thursday's deadline set by the Treasury to increase the debt ceiling may be flexible.
Senate leaders are closing in on a deal, said one Senate Democrat privy to ongoing negotiations.
Three of the most famous U.S. National Parks will reopen in coming days after state governors reached deals despite an ongoing government shutdown.
The expectation that a debt deal may be forthcoming from talks in the Senate is "very possible," Sen. Bob Corker told CNBC.
Lawmakers have taken their time trying to agree to terms for reopening the government. So how can we punish them? Here are some fun ways to do so.
Survivalists are in high gear amid the shutdown and in case the U.S. defaults on its debt.
Starbucks CEO Howard Schultz has launched a petition drive to urge Washington politicians to "Come Together."
Hundreds of employees from some of Britain's biggest contractors are temporarily out of work, as a result of the U.S. political stalemate that has led to a partial shutdown of the country's government.
