Markets sold off sharply yesterday as the rhetoric surrounding the looming debt ceiling escalated. The S&P500 (^GSPC) dropped 1.2% to 1,655; the lowest close in more than month. Despite the worst single day drop since the current sell-off began, most traders remain skeptical that the similar debacle in summer of […]Read more ›
Post Tagged with: "Government Shuts Down"
WASHINGTON — President Barack Obama says House Republicans have shut down the federal government over an “ideological crusade” against his health care law. Obama is speaking in the Rose Garden on the first day of the government shutdown. He says the longer the shutdown continues, the worse the impact will […]Read more ›