US Congress clash over spending bill rattles world markets

Tuesday, October 1st 2013 - 04:24 UTC

Full article 7 comments

Shares in New York closed lower on Monday as the prospect of a shutdown of some US government activities looks increasingly likely. The Dow Jones closed down 128 points, or 0.84%, while the S&P 500 and Nasdaq fell by 0.60% and 0.27% respectively. However, all three indexes were up for the month, buoyed by a strengthening US economic recovery. Read full article

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Hepatia
Obamacare is driving these Teabaggers nuts. This shutdown is bad enough but it is nothing compared to what is going to happen when the ceiling arrives. They are going to push us over the cliff.
Oct 01st, 2013 - 02:09 pm - Link - Report abuse 0
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Brasileiro
North-America is going down hill ..... no brakes.
Oct 01st, 2013 - 04:01 pm - Link - Report abuse 0
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Casper
@1

The Teabaggers were nuts long before Obamacare. Collectively they could reasonably be described as a weapon of mass self-destruction.
Oct 01st, 2013 - 04:54 pm - Link - Report abuse 0
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LEPRecon
It's a pity these politicians are putting their own political beliefs before the needs of the people who elected them.

In the UK this is called a hung parliament. However, unlike the US the UK has a safety net to prevent this kind of thing happening. Namely the Queen (being apolitical) can dissolve parliament and force a general election where the politicians will have to answer to the will of the people, who, understandably, wouldn't be too happy about politicians behaving like this.

Because of this there is rarely a hung parliament, as the political parties will always reach some compromise to prevent this.

Unfortunately for the US they don't have an apolitical Head of State, so I doubt it would work.

However, if these US politicians had to face the voters at the election booth or come to terms, the US might not have reached this stage.
Oct 01st, 2013 - 05:28 pm - Link - Report abuse 0
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ChrisR
@ 4 LEPRecon

Agree absolutely, and how many times have we had the fact that a President is MUCH better than our beloved Queen shoved down our throats by certain “Americans” (better not use the “Y” word)?

Perhaps the founding fathers thought the future politicians would be mature enough to avoid these tantrums when they wrote The Constitution. Oh dear, never mind.
Oct 01st, 2013 - 07:18 pm - Link - Report abuse 0
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A_Voice
Too late the US has shutdown.....next...the debt ceiling....

To default or not to default: that is the question
Whether 'tis nobler in the mind to suffer
The slings and arrows of outrageous fortune,
Or to take arms against a sea of troubles,
Oct 01st, 2013 - 11:00 pm - Link - Report abuse 0
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Captain Poppy
The only saving grace is , HOPEFULLY, this is the suicide pill for the Tea Baggers and the final sweep of Republicans in the corner of meaninglessness.

For me......the IRS is on hold......
Oct 02nd, 2013 - 09:16 am - Link - Report abuse 0
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