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Larry Summers on a shutdown: The risks this time are greater
The first shutdown of the federal government in 15 years now looks more likely than not. Less clear is what that event would mean for the economy. For some perspective, Fortune talked to Larry...
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The government shutdown and our antiquated tax code
By Jeff Wald Nine days into the first government shutdown in 17 years, and the debate rages on about the budget, debt ceiling, and whether the U.S. has become a global laughingstock. As the days...
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U.S. House narrowly passes spending bill, averts government shutdown
(REUTERS) – The U.S. House of Representatives narrowly passed a $1.1 trillion spending bill to avert a government shutdown on Thursday less than three hours before a midnight deadline, overcoming...
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Boehner resignation complicates Congressional to-do list
John Boehner's shock decision to resign as House Speaker at the end of next month reorders an already-complicated Congressional to-do list for the remainder of the year. In the immediate term,...
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What Speaker John Boehner’s resignation means for the economy
John Boehner’s resignation as House Speaker has obvious political ramifications, and the economy will feel its effects too. The resignation appears to be tied to the desire to pass a clean, short-term...
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Boehner calls his conservative critics ‘false prophets’
House Speaker John Boehner, in the first interview since his shock resignation announcement on Friday, called out as "false prophets" the rightwing fringe that forced his hand. "The Bible says beware...
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September jobs, Congress’ deadline, and Trevor Noah — 5 things to know this week
Hello friends and Fortune readers. This week starts with a meeting of the world’s top leaders in New York City and ends with a look at how the U.S. labor market fared in September. In between, Congress...
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Republican Congressman ‘refuses to be blackmailed’ by GOP hardliners
In the House, two-thirds of Republican lawmakers have been elected since 2010. In the Senate, the average age has dropped by 17 years. That makes Oklahoma Republican Tom Cole--a 12-year House veteran...
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Syria talks and Congress avoids shutdown — 5 things to know today
Hello friends and Fortune readers. Wall Street stock futures are starting the new quarter on a brighter note after the worst three-month period in over three years. Tentative signs of the Chinese...
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Government will run out of money in November, Treasury Secretary warns
The U.S. government will exhaust the extraordinary measures it has taken to avoid a debt-ceiling breach “on or about Thursday, November 5,” according to a letter sent by Treasury Secretary Jack Lew to...
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Jack Lew to Congress: Raise the debt limit already
Treasury Secretary Jacob Lew is blasting Congress for yet again “manufacturing a crisis for our country” by not raising the debt limit. In an op-ed in USA Today, Lew says that the economic progress...
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You Can’t Call It A Do Nothing Congress Anymore
Don’t look now, but Congress is actually about to get a lot done. This week, newly minted House Speaker Paul Ryan touted mammoth highway and education deals as proof that he is delivering on his...
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Retail Sales, Federal Funding, and Staples — 5 Things to Know for the Week Ahead
Hello friends and Fortune readers. This week, the federal government will report on what is expected to be strong November retail sales, while a handful of major companies will release financial...
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Missing Billionaires and U.S. Retail Sales — 5 Things to Know Today
Hello friends and Fortune readers. Wall Street stock futures are sharply lower this morning, dragged down by a four-year low in the Chinese yuan and more misery in the oil markets, where crude futures...
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Atlantic City Is Facing a 3-Week Government Shutdown
Atlantic City Mayor Don Guardian said on Monday that the city’s financial crisis will force a partial government shutdown for three weeks, with city hall closed for the period and public employees...
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