Politics
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House Republican leaders proposed a short-term increase in the debt ceiling that would continue the government shutdown and reduce the prospects for a U.S. default while extending the partisan fiscal fight. more
The partial U.S. government shutdown has closed the gates to Alex Thevenin’s place of business: the Grand Canyon. more
U.S. stocks fell, after the first back-to-back weekly decline since August for the Standard & Poor’s 500 Index, as lawmakers remained deadlocked over extending the nation’s debt limit to avoid a default. more
Customers Bank announced Monday a new program granting a one-month deferral on consumer loans for workers affected by the government shutdown, as well as a one-month forbearance on mortgage payments. more
The partisan battles over the U.S. government shutdown and a potential debt default are beginning to merge into a single fiscal fight, raising the stakes for Republicans and Democrats to end the impasse. more
Many federal offices across Rhode Island were shuttered Tuesday and hundreds of “nonessential” employees sent home due the U.S. government shutdown that began at midnight. more
The chief executives of large banks including Goldman Sachs Group Inc. will meet with President Barack Obama this week as Wall Street urges Congress to end the budget stalemate in Washington. more
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. more
President Barack Obama and congressional Republicans share one piece of common ground in the stalemate over the budget and the debt ceiling: Neither side wants to budge. more
The economy expanded at faster pace in the second quarter from the previous three months, a sign the U.S. was weathering federal budget cutbacks and higher taxes. more
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