Politics

2:36am

Tue October 15, 2013
Business

JPMorgan To Front Customers If Federal Shutdown Drags On

Originally published on Tue October 15, 2013 4:50 am

JPMorgan Chase CEO Jamie Dimon testifies before the House Financial Services Committee on June 19, 2012 in Washington, D.C.
Chip Somodevilla Getty Images

JPMorgan Chase says it will cover Social Security and Welfare payments for its customers if the government goes into default or the shutdown continues.

If nothing else, it's good public relations for a company which hasn't had much lately.

The bank spent nearly 40 percent of the company's revenue over the last quarter — more than $9 billion — on legal expenses. Money paid to fight government investigations and on fines.

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5:02pm

Mon October 14, 2013
Politics

An Insider's View Of The Debt Ceiling And Shutdown Talks

Originally published on Mon October 14, 2013 6:19 pm

Transcript

MELISSA BLOCK, HOST:

So what is going on behind closed doors? Just how do these top-level congressional talks work? We're going to get some inside dope now from a former insider, Jim Manley who was a top adviser to Senator majority leader Harry Reid and, before that, press secretary to Senator Ted Kennedy. Jim Manley, welcome.

JIM MANLEY: Thank you very much.

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5:02pm

Mon October 14, 2013
Politics

Democratic Sen. Amy Klobuchar On Monday's Hill Negotiations

Originally published on Mon October 14, 2013 6:19 pm

Melissa Block spoke with Sen. Amy Klobuchar, D-Minn., about Senate negotiations on the debt ceiling and partial federal government shutdown.

5:02pm

Mon October 14, 2013
Politics

Optimism, But Still No Debt Deal, On Capitol Hill

Originally published on Mon October 14, 2013 6:19 pm

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

President Obama says he's hoping for a new spirit of cooperation to end the two-week old government shutdown and avoid a crippling default. And there are some encouraging signs this afternoon. Democratic and Republican leaders in the Senate say they're optimistic a deal can be reached soon. The President had summoned congressional leaders to the White House this afternoon, but that meeting was postponed to allow more time for talks to continue on Capitol Hill.

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5:02pm

Mon October 14, 2013
Politics

Rep. Cole: Shutting Down Government Was Not A Good Tactic

Originally published on Mon October 14, 2013 6:19 pm

Transcript

MELISSA BLOCK, HOST:

I'm joined now by Republican Congressman Tom Cole of Oklahoma. He's also House deputy whip, one of those who counts and cajoles fellow Republicans ahead of a vote. Congressman Cole, welcome to the program.

REPRESENTATIVE TOM COLE: It's great to be with you.

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5:02pm

Mon October 14, 2013
Politics

More Negotiations, Still No Deal, On Shutdown, Debt Ceiling

Originally published on Mon October 14, 2013 6:19 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block. Both the House and the Senate were in session today as the country closes in on the debt ceiling deadline. If Congress doesn't raise the debt limit before Thursday, the White House says the country will likely begin defaulting on its obligations. President Obama postponed a meeting with congressional leaders this afternoon.

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10:17am

Mon October 14, 2013
The Two-Way

Reid And McConnell Cite 'Progress' As Default Deadline Looms

Originally published on Mon October 14, 2013 6:34 pm

Still Right Twice A Day: Visitors look at the Ohio Clock outside the Senate chamber on Capitol Hill Sunday. The clock that has stood watch over the Senate for 196 years stopped running shortly after noon Wednesday. Employees who wind the clock weekly were furloughed in the federal shutdown.
Jose Luis Magana AP
This post was last updated at 6:10 p.m. ET.

The House and Senate were in session on Columbus Day, the 14th day of the federal government shutdown. A meeting that had been arranged between President Obama, Vice President Biden and the four main leaders of Congress was postponed, as the White House cited the progress being made in negotiations.

The latest word of a possible deal calls for raising the federal debt limit through Feb. 15 and funding a return to work for the government through Jan. 15. We'll update this post as more news comes in.

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4:43am

Mon October 14, 2013
Analysis

Shutdown In Day 14, Debt Ceiling Deadline Nears

Congress and the White House continue to work through the twin fiscal crises of funding for the federal government and the debt ceiling. Steve Inskeep and David Greene explore the dimensions of this massive political drama with Cokie Roberts, who weighs in on political topics most Mondays on Morning Edition, Robert Costa of the National Review, who's been following developments on Capitol Hill, and Terence Samuel of The Washington Post, who has been following public attitudes nationally.

3:23am

Mon October 14, 2013
Politics

How The Debt Limit Became 'A Nuclear-Tipped Leverage Point'

Originally published on Wed October 16, 2013 6:14 pm

Congress set a limit on how much debt the U.S. Treasury could accrue back in 1917.
J. Scott Applewhite AP

Political battles over the debt limit have been around nearly as long as the law passed by Congress in 1917 that set a statutory limit for how much debt the Treasury could accrue.

Since then, Congress has had to increase that limit on more than 100 occasions — and 40 of those times, lawmakers have tried to tie strings to raising the debt ceiling. In the last few years, though, there's been a marked escalation in those demands.

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6:12pm

Sun October 13, 2013
Animals

Birds Of A Feather Spy Together

AFP/ Getty Images

The scene: Two men in a chilly Soviet apartment converse in whispers, careful to protect their plans from enemy ears. Little do they know, the benign-looking raven outside their window is not merely a city scavenger hunting for food, but a spy for the U.S. government.

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