After losing his third bidding war for a Dallas-area home, Johnny Tseng offered the winner $10,000 to walk away. The buyer declined.
The U.S. Treasury has the means to avoid a debt default even if Congress fails to raise the government’s $16.7 trillion borrowing limit. The bad news is that it can’t prevent a recession.
For Jennifer Lukas-Jackson, a furloughed Justice Department attorney, the first government shutdown in 17 years is so far more of a concern than a crisis.
West Texas Intermediate fell for a third day this week on concern that a protracted U.S. government shutdown will slow economic growth and reduce fuel demand.
Companies added fewer workers than projected in September, indicating the U.S. job market is struggling to gain momentum, a private report based on payrolls showed today.
The National Association of Home Builders lowered its forecast for U.S. single-family home starts this year and next as higher interest rates slow the pace of growth in the housing market.
The U.S. congressional standoff that shut down the government for the first time in 17 years is a buying opportunity for stock investors, if history is any guide.
The Democrats and Republicans in Congress failed to reach a budget deal before the end of the fiscal year, triggering the first partial U.S. government shutdown in 17 years.
A partial shutdown of the federal government will cost the U.S. at least $300 million a day in lost economic output at the start, according to IHS Inc.
A shutdown of the U.S. government would reduce fourth-quarter economic growth by as much as 1.4 percentage points depending on its length, economists say, as government workers from park rangers to telephone receptionists are furloughed.
"A lot of good things happen when you have jobs."
- Mark Zandi on Oct 08, 2013
Moodys’s Zandi Sees `Apex’ of Sequestration in Q2
Zandi Says Labor Market Is Encouraging for Economy
Moodys's Zandi Reacts to Jobs Report, Discusses QE3
Moody's Zandi Says Employment Gains `Broad Based'
Zandi Says `Private Balance Sheets in Order'