Every weekday on Marketplace, Kai Ryssdal hosts a lively and unexpected exploration of the day’s business and economic news from Wall Street to your wallet.
Investors seemed pleased that politicians in Washington were discussing a plan, and that lawmakers from both parties met with President Obama.
As the government shutdown continues, we look at potential deals to fund the government and raise the debt ceiling. We speak with one small business owner to see how she's been affected by the shutdown. Meanwhile, Jenny Craig has helped people shed pounds over the years. But lately its profits have been slim. Now Nestle wants to lose it. Speaking of health, the Obamacare story has hit a new stage: TV and film. Also, a look at a new approach to credit, how to make a career as a short story writer, and and update to the situation in Egypt.
We're one day closer to the October 17th deadline for the U.S. government to either raise the debt ceiling or default on loans from a whole bunch of lenders. But a cadre of so-called “debt-limit deniers” says it’s no big whoop if the U.S. fails to raise its borrowing limit. That's not helping ease worries from America's two top foreign creditors -- China and Japan have warned the U.S. to be careful. Meanwhile, Janet Yellen is the nominee to be the next Federal Reserve chair. We ask Wall Street how they feel about that. Plus, in the latest installment of our "Americans Futures" series, The Atlantic’s Jim Fallows talks about about small towns that aren’t feeling the pain of the government shutdown. Also, stories on emergency philanthropy and Iowa's farmland.
There are reports that President Obama will nominate Janet Yellen as the next chair of the Federal Reserve on Wednesday.
The Treasury Department has said Congress needs to extend the nation’s borrowing authority by Oct. 17 or risk default. But private observers say that date might be more like Oct. 22, or maybe even Nov. 1. Plus, a survey out today finds many business travelers opt for McDonald's and Starbucks (they account for 8 percent of all food expenses). It's not because of corporate budget constraints. Fast food joints attract busy, solo business travelers looking for a reliable wi-fi connection. Congress and the media are on full-on freak-out as we head towards default. To the outsider, it looks increasingly likely that we’ll fail to pay the interest we owe on our Treasury bonds. And yet, if you look at the bond market you'd have no idea anything was going on.
The lack of progress on negotiations over the government shutdown has some folks worried about the likelihood that the U.S. would be unable to pay the bills because of the debt ceiling. In order to avoid that, many are talking about "prioritization," the idea that the government can pick-and-choose who it will pay. And yet, it's not that easy: Take a look at a day’s worth of payments to see how complicated it would be. Also, this week, Nielsen starts measuring conversations on Twitter, about different TV shows. And this past weekend, President Obama joined the list of public figures who say the Washington Redskins should consider changing their name.