Daily Data Flow
Wall Street Warns Prioritization Will Fail
Some Republican members of the House of Representatives have proposed prioritizing interest payments on U.S. debt as a way to mitigate the effects of a payment default caused by failure to raise the debt ceiling.
Stocks Drop amid Default Concerns
The S&P 500 fell 0.9 percent today.
How Big is the Federal Furlough?
Approximately 800,000 federal workers were furloughed when the government shut down began last Tuesday.
Buffett’s Many Happy Returns
Warren Buffett served as a lender of last resort for a number of large companies during the global financial crisis of 2008.
Stocks Rise as Investors Hope for Government Deal
Stocks rose today, though this week was the second in a row to finish in the red, as investors grew optimistic that lawmakers in Washington, D.C. would reach a deal to end the government shutdown.
Gold Falls Slightly Due to Shutdown
Gold fell near $1,310, while the dollar rose from an eight-month low, but most trading was muted today as investors were hesitant due to the uncertainty of how long the government shutdown would last.