With the debt ceiling deadline looming just two days away, Senate leaders say they're close to a deal that would reopen the government and avert default. Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell have been leading bipartisan talks on a way out of the deadlock. Even if a bipartisan agreement clears the Senate, it will likely be a hard sell to House Republicans.
Steve Inskeep talks to Jonathan Chait, a commentator for New York magazine about how liberals are viewing the current budget negotiations in Congress, and if they might be willing to compromise on a deal.
JPMorgan Chase says it will cover Social Security and Welfare payments for its customers if the government goes into default or the shutdown continues. The bank would almost certainly get its money back once Congress comes to an agreement.
Banks use credit scores and similar metrics to assess creditworthiness. A company called Kabbage that lends working capital to small businesses does some of that but also relies on unconventional measures, using real-time data from things like UPS shipments, eBay, Facebook and Twitter.
In early July, a train carrying American crude oil derailed and exploded in the heart of a small Canadian village. The deadly accident in Lac-Mégantic, Quebec, and its aftermath have triggered a wave of lawsuits and a sweeping review of rail safety standards in the U.S. and Canada.
A new movie documents how an Indian entrepreneur created a cheap machine to make sanitary napkins for rural women on the subcontinent. Women whose self-help groups buy Arunachalam Muruganantham's machine can make more than a dollar a day — close to a global poverty line threshold — selling the pads.
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