News
Politico | Treasury taking final steps to avoid default
The Treasury Department has begun using the last set of accounting maneuvers at its disposal to allow the government to keep paying its bills until Congress raises the country’s borrowing limit, Treasury Secretary Jack Lew told congressional leaders Tuesday night.
National Journal | Can Reid’s Shutdown Strategy Hold?
With Democrats and Republicans squabbling fiercely over how to reopen the government, it’s Senate Majority Leader Harry Reid—the former boxer—who compares lawmakers’ bickering to a schoolyard brawl.
CNN Money | Postal Service defaults on $5.6 billion payment
The U.S. Postal Service has defaulted on a $5.6 billion payment for retiree health benefits that was due on Monday, just as the Postmaster General had warned it would.
Blogs
Market Watch | Shutdown may ‘blend together’ with debt ceiling, Goldman analyst says
There’s a clear chance the government shutdown “could blend together” with the debt-limit debate, which would prolong the shutdown to mid-October, according to Goldman Sachs’s man in Washington.
