The Senate has been working on a bipartisan deal to reopen the government and raise the debt ceiling. But House conservatives have signaled they might not go along with a Senate deal. Steve Inskeep talks to Republican Senator Saxby Chambliss of Georgia about how he thinks the impasse can be resolved.
Sgt. John Munch is turning in his badge on Law & Order SVU Wednesday night. Actor Richard Belzer has played Munch for 15 seasons on the show. And we remember veteran baseball umpire Wally Bell, who died of a heart attack this week. He'd been on the job for 21 seasons. Bell was 48.
With the threat of a government default looming, House leaders tried to take the upper hand in the standoff with a bill appealing to their most conservative members. They failed, resulting in chaos in the House and giving the initiative back to the Senate.
Determining the day on which the U.S. government might default is tricky. The Bipartisan Policy Center says the last eight days of October is a critical period because of all the payments due that week. The potential for a credit default is already causing problems for big financial firms that use U.S. Treasurys as collateral.
For the first time in decades, interest rates for jumbo home loans are lower than rates for a typical mortgage. And because of that, the luxury market is the fastest growing sector of home loans. In Phoenix, sales of homes that cost more than $500,000 are up 64 percent.
The man the U.S. alleges is the top al-Qaida operative who orchestrated the 1998 bombings of the U.S. embassies in Kenya and Tanzania has pleaded not guilty to the charges at a federal court in Manhattan. The case has brought the High Value Interrogation Group back into the spotlight. It was created by the Obama administration to extract valuable intelligence from terrorists, but national security experts say there have been too few cases to judge its promise.
This could be the last day the United States is assured of its borrowing authority. Congress could forestall this crisis by raising the debt ceiling, as it has roughly a hundred times before. But the debt ceiling is tied to the same confrontation that's kept much of the federal government shut down.
The possibility of an American default on its debt is huge news across the continent. Europe is barely emerging from its own debt crisis. Europe's recovery rests on demand for its exports and the U.S. is by far the European Union's largest export market.
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