What we’re watching Thursday
Shutdown – Debt Ceiling
Treasury secretary Jack Lew is testifiying to the Senate on how bad things could get for the economy if the U.S. goes into default.
GOP leaders are weighing a short-term debt limit increase to calm markets and extend their negotiations with President Obama. President Obama has signaled he’s willing to sign.
– President Obama will meet with Senate Democrats at 1:45 p.m. EDT, and 20 House Republicans at 4:35 p.m. EDT.
Fidelity, the largest manager of money market mutual funds is dropping short-term U.S. debt.
- National Institutes of Health has admitted 12 critically ill patients to clinical trials, despite the shutdown.
- The number of homes going into foreclosure hits 7-year low in the 3rd quarter.
The Libyan state news agency reports prime minister Ali Zeidan was seized by gunmen at dawn, then set free. Details were sparse.
- The kidnappers say it was retaliation for disclosure that the Libyan government approved U.S. actions against al Queda.
- The Nobel Literature prize is awarded to Alice Munro.