Protests against a plan to split a southern Indian state entered a fourth day, leaving about 21 million people without electricity as outages threatened to affect technology companies like Google Inc. and Microsoft Corp.
Steve Lonegan, who’s running for U.S. Senate in New Jersey, said fellow Republicans had “guts” to shut down the federal government. He’d be happy, he says, if his epitaph proclaims him “the guy who dismantled the IRS.”
New Jersey Governor Chris Christie and Democratic challenger Barbara Buono debated same-sex marriage, taxes and the economy last night in a debate that also touched on the Republican’s presidential prospects in 2016.
U.S. stocks fell, giving the Standard & Poor’s 500 Index its biggest two-day loss since June, as concern grew that a deadlock among U.S. lawmakers over the debt limit could lead to a government default.
Risk appetites in American capital markets diminished amid the U.S. budget impasse, pushing Treasury one-month bill rates to the highest since 2008 and Internet stocks to the biggest losses in two years.
U.S. regulators should reconsider the 2007 rule change that helped disperse stock trading among more than 50 different platforms and caused complexity that critics say increased malfunctions, Securities and Exchange Commissioner Daniel Gallagher said.