Politics

3:25am

Fri October 18, 2013
Economy

Declining Gas Prices Pump Up A Shaky Economy

Originally published on Fri October 18, 2013 12:34 pm

A motorist fuels up at a service station in Springfield, Ill.
Seth Perlman AP

In recent weeks, economists have been worrying about the negative impact of the now-ended government shutdown and potential debt crisis.

But away from Capitol Hill, the economy has been getting a big boost: Gasoline prices have been declining, week after week. In some parts of the country, a gallon of unleaded regular gasoline is now down to less than $3 a gallon — a price most Americans haven't seen in three years.

And any time the pump price starts dropping, consumer spirits start rising.

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6:01pm

Thu October 17, 2013
Economy

Wilted Reputations Left By Shutdown And Default Threat

Originally published on Fri October 18, 2013 5:35 pm

Traders work on the floor of the New York Stock Exchange on Wednesday, in New York City.
Spencer Platt Getty Images

President Obama said Thursday that the government shutdown and threat of default did unnecessary damage to both the U.S. economy and the country's reputation abroad.

Standard & Poor's concluded that the disruption subtracted about $24 billion from the economy and is likely to trim more than half a percentage point off growth in the final three months of the year.

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5:03pm

Thu October 17, 2013
Politics

Shutdown Shows Republican Party More Splintered Than Ever

Originally published on Thu October 17, 2013 5:54 pm

Robert Siegel speaks with author Sam Tanenhaus of The New York Times about the status and state of the GOP after the government shutdown, debt ceiling battle and fiscal crisis.

5:03pm

Thu October 17, 2013
Politics

The Road To Government Shutdown Was Paved By Summer Activism

Originally published on Thu October 17, 2013 5:54 pm

The twin fiscal crises resolved late Wednesday night were born in the slow days of summer — not anywhere in the Capitol, where the drama played out, but in the offices of Heritage Action, a conservative activist group that wanted to end funding for the president's health care law. With the help of an ambitious new Texas senator, the group staged a series of town hall-style meetings around the country, and the Defund Obamacare movement was born.

5:03pm

Thu October 17, 2013
Politics

With One Pair Of Crises Behind Him, Obama Looks Forward

Originally published on Thu October 17, 2013 5:54 pm

As the government reopened Thursday morning, President Obama had a simple message for its workers: Thank you. For Congress he had another message: Let's not do this again. Obama tried to rise above the fracas of the past few weeks and talk about his view on the role of government.

4:13pm

Thu October 17, 2013
Economy

Economists Fear 'Flying Blind' Without Government Data

Originally published on Thu October 17, 2013 4:51 pm

The Federal Reserve headquarters in Washington, D.C., where the federal government shutdown left policymakers without key economic data.
J. David Ake AP

Talk to economists about the government shutdown's impact on their forecasts and you'll hear this phrase again and again:

Flying blind.

For economists and investors, "at this moment, we are flying blind," said Alan Greenspan, former chairman of the Federal Reserve and now president of Greenspan Associates LLC, a consulting firm.

Greenspan is not alone in feeling a little lost without the compass of government reports.

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4:10pm

Thu October 17, 2013
It's All Politics

4 Things To Know About Cory Booker's Election

Originally published on Thu October 17, 2013 5:26 pm

Sen.-elect Cory Booker of Newark, N.J., talks to supporters during his victory party Wednesday night. Booker was elected to fill the seat of the late Frank Lautenberg.
Julio Cortez AP

Cory Booker's victory Wednesday in New Jersey's special Senate election didn't surprise anyone.

From the moment he captured the Democratic nomination in the reliably blue state, the Newark mayor was the heavy favorite to defeat Republican Steve Lonegan.

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3:59pm

Thu October 17, 2013
Shots - Health News

How The GOP's Shutdown Over Obamacare Fell Short

Originally published on Thu October 17, 2013 5:44 pm

Susan and Jack Cooper of Richardson, Texas, demonstrate against the government shutdown in Dallas this month.
Tony Gutierrez AP

Remember how that fight over the budget was all about Obamacare?

Seems like ancient history now, but House Republicans ostensibly shut down the government 17 days ago, demanding first a defunding, and, when that failed, a year's delay in the health law.

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1:12pm

Thu October 17, 2013
It's All Politics

A Look Back At The Shutdown, In Photos

Originally published on Thu October 17, 2013 5:12 pm

Children from a Head Start program in Washington, D.C., join supporters and members of Congress on Oct. 2 to call for an end to the shutdown and to fund the comprehensive education, health and nutrition service for low-income children and their families.
Chip Somodevilla Getty Images

The budget fight that led to a partial federal government shutdown finally came to an end late Wednesday.

For 16 days, beginning at midnight on Oct. 1, hundreds of thousands of federal employees were told not to come to work. Museums, monuments, libraries and parks were closed across the country.

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12:11pm

Thu October 17, 2013
U.S.

Federal Employees Return To Work

Yesterday Congress brought the country back from the brink of defaulting on its debt. Host Michel Martin talks to Joe Davidson of The Washington Post about how federal workers will bring the government back to life.

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