After an hour-long meeting with President Obama, Republicans said they have agreed to keep talking, in hopes of bridging a gulf that has already led to a government shutdown and is threatening the first default in U.S. history.
Originally published on Fri October 11, 2013 11:17 am
Update: Friday, Oct. 11, 2013:
At 9:00 pm Thursday night, the USDA told us that Foster Farms had submitted and implemented immediate changes to their slaughter and processing systems to allow for continued operation.
"FSIS inspectors will verify that these changes are being implemented in a continuous and ongoing basis," Aaron Lavallee of USDA's FSIS told us. Additionally, to ensure that the Salmonella Heidelberg has been controlled, the agency says it will continue intensified sampling at Foster Farms facilities for at least the next 90 days.
NPR's business news starts with worry about American debt.
(SOUNDBITE OF MUSIC)
INSKEEP: Fidelity Investments has sold all of its short-term U.S. government debt. That limits losses for the country's largest manager of money market funds in case the U.S. Treasury run out of money on October 17th and Congress does not do something about the federal debt limit.
Fidelity's president said this move was precautionary. Transcript provided by NPR, Copyright NPR.
For weeks, economists and bankers have been warning that there will be catastrophic consequences if Congress fails raise the nation's borrowing limit.
They say it will mean the nation will default on its debt, which could rock U.S. and global markets. The Treasury has warned that it will exhaust the "extraordinary measures" it has been using to keep paying the nation's bills by Oct. 17.
More than 400,000 federal workers remain on furlough. That's the situation even after many Defense Department workers were called back to the office. And then there are federal contractors. These are private American business owners and workers who've taken over more and more government functions in recent years and who are now feeling the pain of a shutdown.
OK. You might already know this if you spend some time on the Internet, but revenue for online advertising is way up - reaching more than $20 billion in the first half of 2013 - that's an almost 20 percent hike from the same period last year, according to a report from the Interactive Advertising Bureau.
As NPR's Laura Sydell reports, ads on mobile devices are growing the fastest.
Now, the partial shutdown prompted angry debate across the country. But at the center of that debate, we found quiet yesterday. We dropped by a Senate office building where the halls were empty. Papers taped on doors read: We regret that due to the government shutdown our office is closed. *