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“A few faint glimmers of hope surfaced on Monday in the U.S. fiscal standoff, both in Congress and at the White House, with President Barack Obama saying he would accept a short-term increase in the nation’s borrowing authority to avoid a default.”
Learn MoreHouse Speaker John A. Boehner promises that he will not let the country default for the first time on its debt. “Given that a bloc of hard-line conservatives is unlikely to vote to increase the limit under any circumstances, Boehner has told fellow Republicans that they must craft an agreement that can attract significant Democratic
Learn More“Chief executives from major financial institutions met with President Barack Obama on Wednesday and warned of adverse consequences if government agencies remain closed and if lawmakers fail to raise the U.S. debt ceiling by mid-October.”
Learn More“Construction employment increased in 26 between July and August and in 35 states for the year, according to an analysis by AGC of America of Labor Department data. Association officials cautioned, however, that construction employment remains below peak levels in most states and warned of the potential impact of a halt in federal construction investments.”
Learn More“President Barack Obama scrapped part of a long-planned trip to Asia and planned to meet with congressional leaders on Wednesday as a U.S. government shutdown entered a second day with no end in sight.The impasse has raised questions about Washington’s ability to carry out its most essential duties. Though a short-term shutdown would do relatively
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