Nathaniel Hardeman Jr.

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US shutdown drags into second day as Republicans eye fresh debt ceiling crisis

The shutdown of the US federal government dragged into a second day on Wednesday amid concerns that the crisis will bleed into a hazardous confrontation with hardline Republicans in two weeks time over the country's borrowing requirement.<p>Jack Lew, the Treasury secretary, has said the US will start …

GOLDMAN: Here's What Happens When The Government Shutdown Meets The Debt Ceiling

As the shutdown drags on, it seems increasingly likely that the two debates will become one.<p>Analysts have long warned that the debt ceiling has higher stakes than the shutdown. The latter may prove a drag on quarterly GDP, but the former could spell economic catastrophe if handled incorrectly.<p>The …

Libertarians fear Obamacare so much they closed the government

<b>(David Huntley Creative / Shutterstock.com)</b><p>It’s not yet clear if the move will backfire<p>Thom Hartmann<p>October 2, 2013 3:06pm (UTC)<p>This article originally appeared on Alternet.<p>What is the most effective way to destroy Obamacare?<p>It's not to defund it, as there's really no such thing as defunding it. …

US debt-ceiling debate reflects a troubling constitutional power struggle

Political dysfunction risks weakening the government's ability to make significant economic decisions in future<p>Perhaps investors are becoming inured to the United States' annual debt-ceiling debacle, now playing out for the third year in a row. But, as the short-term antics become more routine, the …

Shutdown Jeopardizes National Security, Intelligence Officials Warn

Congressional failure to keep the federal government running has created a "dreamland" for foreign governments to recruit spies inside the U.S. …

Automakers jittery over a long government shutdown

Detroit is worried that a protracted government shutdown could hurt the auto industry just when the U.S. car market is making a significant recovery.<p>The shutdown of all but essential government offices will affect some 800,000 federal workers. It’s unclear just how many of those might now defer …

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