David Koch addresses attendees of the Defending the American Dream Summit in Orlando, Fla., on Aug. 30.
Credit Phelan M. Ebenhack / AP
Most business interests would do anything to avoid a public fight with the most powerful man in the Senate.
Not Koch Industries.
The privately owned conglomerate of conservative billionaires David and Charles Koch is busy trading volleys with Majority Leader Harry Reid in the battle over the Affordable Care Act and the government shutdown.
What's unusual here is the word trading. It wasn't so many years ago that the Koch brothers and their company would have said nothing, just absorbed political slams without comment.
The nation is in the 10th day of a government shutdown, and the deadline over raising the debt limit is quickly approaching. But all that might seem like a day at the park for Congressman Luis Gutierrez (D-Ill.). He explains why in his new memoir Still Dreaming: My Journey from the Barrio to Capitol Hill.
He speaks with Tell Me More host Michel Martin about his political journey and the fight for immigration reform.
It's MORNING EDITION from NPR News. I'm Steve Inskeep.
DAVID GREENE, HOST:
And I'm David Greene. Good morning.
Seven days from now - according to the U.S. Treasury Department - the U.S. approaches the point where it can no longer pay its bills. The federal budget deficit has been dropping dramatically. But in the wake of the Great Recession, it is still very high.
Originally published on Thu October 10, 2013 10:58 am
Who Holds Our Debt?
Credit Quoctrung Bui / NPR
If Congress doesn't raise the debt ceiling soon, the U.S. government won't be able to pay its debts. Here's who the government owes money to — all the holders of U.S. Treasury debt, broken down by category and by how much government debt they hold.
Senate Majority Leader Harry Reid (D-Nev.) and a sign of the times.
Credit Evan Vucci / AP
Good morning, fellow political junkies. It's Day 10 of the federal government's partial shutdown. And while it's a dreary, rainy day in Washington, there did appear to be more glimmers of hope this morning than in recent days.
Today's theme is movement, as in, there seem to be some tentative steps towards resolving the current fiscal impasse as President Obama and House Republicans are scheduled to meet at the White House later Thursday.
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. *
What would happen if Congress doesn't raise the debt ceiling and the U.S. defaults on its debt later this month? The broad economic implications are unpredictable, but a default could cause huge trouble for the global economy.
But whatever happens to the global economy, one thing is clear: People all over the world who have loaned the U.S. government money won't get paid on time.