Obama Says He Wants to Avoid shutdown of the Market

7/29/2019 Obama Says He Wants to Avoid shutdown of the Market

1/19

March 1, 2013, 12:44 p.m. EST

shutdown

Boehner: House will act on stopgap budget; Obama urges balance

President Obama speaks after

Friday meeting withcongressional

leaders.

By Robert Schroeder, MarketWatch

WASHINGTON (MarketWatch) President Barack Obama said he wanted to avert a

government shutdown, suggesting a willingness to accept billions of dollars in

spending cuts that will start to be implemented Friday even as he seeks to reverse

them.

Obama spoke after congressional leaders wrapped up a meeting at the White House on

Friday with no deal to eliminate the sequester.

Appearing at the White House briefing room, a stern-facedObama warned of the effects the cuts will have and took

Republicans to task, saying: the caucus of common sense is

silent on Capitol Hill.

House Speaker John Boehner, an Ohio Republican, emerged

from the meeting sticking to a no-tax-increase pledge and said

the House would vote next week on a funding bill that will

include spending reductions.

The discussion about revenue is over, Boehner said.

U.S. stocks, SPX +0.14% meanwhile, posted modest gains on

Friday after suffering a drop of more than 100 points at the

opening bell. See Market Snapshot.

Congressional leaders and the White House had until Friday to strike adeal on averting the

cuts, which total $85 billion for the remainder of the 2013fiscal year. Altogether, the

sequester would cut about $1 trillion in government spending over nine years, ending in

fiscal 2021.

Competing bills offered by Democrats and Republicans failed Senate testvotes on

Thursday, paving the way for the onset of the cuts. Read: The sequester starts Friday. Then

what?

Obama warned about the effects on the U.S. economy and American citizens from the

sequester, saying the longer it goes on, the greater the damage to our economy.

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At a time when our businesses have finally begun to get some traction, hiring new workers,bringing jobs back to America, we shouldnt be making a series of dumb, arbitrary cuts to

things that businesses depend on and workers depend on, like education and research and

infrastructure and defense, Obama said.

For as long as the sequester exists, he added, it will show up in futureeconomic data. As

long as the sequesters in place, well know that thateconomic news could have been better

if Congress had not failed to act, he said. See MarketWatch Economic Calendar.

With the sequester cuts going into effect at least temporarily, the nextopportunity to turn

them off may be the expiration of a stopgap governmentfunding bill on March 27.

House Republicans want to make the sequester cuts part of a so-called continuing

resolution that would keep the government operating until the end of the fiscal year in

September. That is the bill Boehner said he aims to vote on next week.

Obama said he would honor previous commitments, which suggests a willingness to accept

the level of spending cuts implied by the sequester. The president specifically declined to

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Page 1of 1Obama says he wants to avoid shutdown - MarketWatch

3/1/201http://www.marketwatch.com/story/obam -says-h -wants-t -avoi -shutdown-201 -0 -01?s...


2/19

House Speaker J ohn Boehner talks

after a meeting withPresident

Obama.

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make himself more clear on the topic: I never want to make

myself 100% clear with you guys.

Obama has pressed for some higher taxes to replace the cuts,

in additionto spending cuts.

We can and must replace these cuts with a balanced

approach, Obama said Friday.

Without a new budget before March 27, a partial government

shutdown would ensue.

The sequester grew out of a failure by Obama and Boehner to

achieve a so-called grand bargain over taxes and spending

back in 2011.The House Republican continuing resolution would authorize full-year fiscal 2013

discretionary spending of between $970 billion and $980 billion, according to a House

Appropriations Committee spokeswoman. Thats down from the$1.04 trillion in discretionary

rose Friday overconcerns about the sequesters impact and

downbeat economic data from Europe. See Bond Report.

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Robert Schroeder is a reporter for MarketWatch in Washington. Follow him on Twitter@mktwrobs.

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36 PEOPLE LISTENING

justnowRon Miljkovich

This isn't the Reagan Republicans. This is the Grover Norquist, Rush Limblow, Eric

Cantor Republicans and Grover who wasn't elected to anything is really pulling all the

stings. Rush the blow heart will say anything to appose common sense.

I still can't believe their are so many people who appose tax hedge fund managers at

ordinary income like the rest of us. That don't hate US companys thatrenounce theircitizenship in order to have a PO Box in Ireland, Switerland or the Caymans.

That they supported a candidate who used Switerland and theCaymans to avoid

paying US taxes. That's about as unamerican as it gets

1 Like Reply

justnowAreYou MoreCarefull

Smart people aren't tuned to either channel. They just think they're fooling us.

The ONLY thing both parties agree upon, is there cant be a thirdparty.

1 Like Reply

8minutes agoAnita Blojob

Shutdown? What shutdown?

The Feds just have to learn to do with less.

State governments have to do this every year.

It's called living within a budget.

3 Like Reply

4minutes agoBrain Williams

@Anita Blojob Last time I tried a creative alias, MW booted me in less than 5

minutes.

Oh, and I do agree with you btw.

Like Reply

2minutes agoAreYou MoreCarefull

she gets a like for the name alone. Never mind the common sense.

1 Like Reply

19minutes agoLee Berle

179 comments

+FollowPost comment as...


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5/19

Our governmentneeds to do whatever it takes to cause deflation. no, they won't,

because the Fed wouldn't be able to fleece america the way it does without inside

help. All those useless gaga in Congress work for the rich. Nobody cares if the

workingclass lives or dies.

Like Reply

19minutes agoEd Downs

Obama is a fraud at every turn.

Dumb and Dummer, Our politicians and the news media.

Reality is no longer important.

of government or was it for money to give control to the government over thecitizen?

You know France, Greece, Middle eastern countries, China, etc.

3 Like Reply


BINGO! Sorry I couldn't find a bigger font.

1 Like Reply


@AreYou MoreCarefull

Obama is a fraud at every turn.

Bold works.... :)

2 Like Reply

justnowAreYou MoreCarefull

cool dude!

Like Reply


"Where's the budget?"

We already know there's no beef......only PORK.

Like Reply

28minutes agoTheodore Shane Osborne II

As long as the Federal Reserve can print whatever the gubmint wants to spend thenthere is no reason for a budget or taxation... The debt ceiling will always be raised.

Like Reply

31minutes agofrank sparacino

that is very EXCITING, but we cant get past the big $$ squahing that.

Like Reply

33minutes agoGreg Brozek


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6/19

What B. OhBummer (and all the other clowns calling for more taxes) can't seem to get

thru their thick skulls is that until you start to get a handle on spending (REDUCE

SPENDING), all the tax increases in the world are not going to solve theproblem!

3 Like Reply

28minutes agoEd Turner

From what I have read, Obama WAS trying to get a mix of spending cuts, along

with some morerevenue. Republicans were only for spending cuts, and even

Simpson and Bowles said that only spending cuts won't work either. It MUST be

both. The small increase of revenue from the previous negotiations won'tamount

Like Reply


IT MUST BE BOTH. We are far past the minor tweeking of things to get right

sideup.

Like Reply

24minutes agoWin Kay

@Ed TurnerThey gave him his revenue increase. He never came back with

spending cuts. "Fool me once, shame on you. Fool me twice, shame on

me!"

4 Like Reply

13minutes agoTerry Klocke

@Ed TurnerThey got the $600B in revenue increases on 12/31/2012 with a

promise for spending cuts "later". Now they want more revenue witha

promise for spending cuts "later." That's why more revenue isn't on the table.

$600B isn't "small". Sequester will only cut $42B this fiscal year. That is"small" compared to $600B. It'a still a spendingproblem, not a revenue

problem.

4 Like Reply

23minutes agoLee Berle

Should the govenrment. Wait. Should you quit spending just because the price of

something keeps going up because of circumstances you can't control? Yes. then

stop buyinggas. Stop buying food. Then stop going to work because cars cost

too much. The Fed caused America to go down this path of everything costing

more and more, as Americans get less and less. Deal with the Fed. Don't force

your family to do without because the Fed is helping their rich friends to more and

more. Clean out the Fed before it cleans out America. Thats what is going on. Get

smartbefore it is too late.

Like Reply


Lee,

That is exactly what the prudent wage earning American is doing. Stop

buying what he cannot afford. Reallocationof resources. Estimating and

reprioritizing the economic value of thier money. Bear in mind I said prudent,

yet there is an increasing number of Americans which will charge to get

buy ... and we cant blame them much the same as an illegal alien trying to


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7/19

feed his family by crossing the border. But we Americans are not obligated to

support the world through entitlements andwelfare.

2 Like Reply

35minutes agoPhil Bertoli

We can see why Chicken Little Obozo wants to avoid sequester. He has said the sky

is falling. Lets thousands of illegal aliens go, but disclaims any knowlegde. Its the

same old story with the Blamer in Chief. Whan it cuts against him or his

administration, nobody knows anything about how it happened!

The same willbe true when people find out all his prognostications of the end of the

world

jiving from this worthless whatever you want to call him. But

he is certainlynot presidential material.

2 Like Reply


Seems like it was some republican governors from states that get big defense

dollars that were squawking the other day (Virginia, South Carolina, and Iowa for

starters).

You go tell Nicki Haley that it's smoke andmirrors!

Like Reply


Fifth, Public Law 95-435, which was signed into law by J immy Carter, requires a

balanced budget.

PL 95-435: "Sec. 7. Beginning in fiscal year 1981,the total budget outlays of the

Federal Government shall not exceed its receipts."

The Balanced Budget Amendment: "SECTION 1. Total outlays forany fiscal year

shall not exceed total receipts for that fiscal year."

Like Reply

41minutes agoKathy Rubin

Common Sense.....yes Mr. O you are lacking it. Did you furlough your personal butler

and cook. How about Michele's maid? Or just the janitors? I need my hankie.

2 Like Reply

42minutes agofrank sparacino

next election VOTE THE OPPOSITE. if who we r electing is wrong, the opposite HAS

to bRIGHT or at least better.

-with props to Larry David, g.costanza!

1 Like Reply


Thirdparty!

Like Reply

44minutes agoglenn evans


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8/19


9/19

1 Like Reply

52minutes agojeff post

So after all the banter and posturing the bottom line is no body is talking to each other

andnothing has gotten done. You can't compromise if you don't talk and listen. I

suggest that the congress, yes both the senate and the house get locked in to the

capital. No food, no water, no bathroom breaks, and most important NO SALARIES

and NO Benefits at all, nothing, nada! .When they have the deal they can come out to

play. Very simple to implement.

3 Like Reply

58minutes agoJ Wagner

I don't always use the word 'sequester', but when i do...I remember it was my idea in

the first place. Stay broke my frenz. Obama

3 Like Reply

1 houragobill chastain

Remember to say NO to the worthless people of NO in 2014.

2 Like Reply

1 houragoDon Skully

@bill chastain Oh brother. You'd better get off the computer before your teacher

catches you and you have to spend recess in the corner.

1 Like Reply

1 houragoD.A. E

On the Federal Government soap opera channel this month:

Synopsis:

Having jumped off the Fiscal Cliff into a steaming pile of Sequester, the US

Government now faces a partial shutdown as the stopgap government funding bill

passed last September expires on March 27.

1 Like Reply

1 houragoDaniel Anonymous

I saw an article in which was written a list of possible cuts with the sequester. What

was missing was the furloughing of these incompetent politicians nor any cut in their

pay. The Supreme Court wasn't on the list either, nor our president's salary. This is

where it should start. I didn't see anyforeign aid on the list, either. So, if I read the

article correctly, some Americans may see their unemployment checks reduced while

we still funnel billions in foreign aid out the door. And the American Public still puts

these people back in charge to continue foisting their stupidity upon us.

2 Like Reply

1 houragoLester Bujko

@Daniel Anonymous With unemployment benefits increased to 2 years from 26

weeks, cutting the time back to historical 26 weeks makes sense. I'd even say

make it a full year. Our economic numbers are improving so start here.

1 Like Reply

1 houragoAreYou MoreCarefull


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10/19

PresidentObama : Where is your budget??? You show us the American public that

you arewilling to put us on the right track and THEN and only then ask us to trust

you. You are so busy pandering to the gay, illegal and radical left you cannot see

common sense for what it is! The middle class are expected to suffer greatly atyour

misappropriations yet you do not get it! Go ahead make my day shut the disfunctional,

wastefull, lying governement DOWN!

5 Like Reply

1 houragoTheodore Shane Osborne II

Congress is responsable for a budget not that Obama isn't part of the BS that is

the US government.

Like Reply

1 houragoAreYou MoreCarefull

The President, in accordance with to theBudget and Accounting Act of

1921, must submit a budget to Congress each year. In its current form,

federal budget legislationlaw (31 U.S.C. 1105(a)) specifies that the President

submit a budget between the first Monday in J anuary and the first Monday in

February. In recent times, the President's budget submission, entitled Budget

of the U.S. Government, has been issued in the first week of February.

1 Like Reply


TheCongressional Budget and Impoundment Control Act of 1974 (P.L.

93-344, 88 Stat. 297) established thestatutory basis for a congressional

budget process, and provided for the annual adoption of a concurrent

resolution on the budget as a mechanism for facilitating congressional

budgetary decision making. It also established theHouse and Senate

Budget Committees, and created the Congressional Budget Office (CBO)

to provide budgetary information to Congress independent of the

executive branch.

Like Reply


Congressional consideration of the federal budget begins once the

President of the United States submits a budget request, which is

formulated over a period of months with the assistance of the Office of

Management and Budget, the largest office within the Executive Office

of the President. The budget request includes funding requests for all

federal executive departments and independent agencies.

1 Like Reply


Section 302(b) of the Budget Act further requires the House and Senate

Appropriations Committees to subdivide the amounts allocated to them

under the budget resolution among their subcommittees. These

suballocations are to be made "as soon as practicable after a concurrentresolution on the budget is agreed to." Because each subcommittee is

responsible for developing a single general appropriations bill, the

process of making suballocations effectively determines the spending

level for each of the regular annual appropriations bills. Legislation (or

amendments) that would cause the suballocations made under302(b) to

be exceeded is subject to a point of order. The Appropriations

Committees can (and do) issue revised subdivisions over the course of

appropriations actions to reflect changes in spending priorities effected

duringfloor consideration or in conference.

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11/19


Discretionaryspending,2 in the form of appropriation bills, involves annual

actions that must be completed before the beginning of a new fiscal year

on October 1. Changes in direct spending3 or revenue laws may also be

a part of budgetary actions in any given year. When these changes are

directly tied to implementingthe fiscal policies in the budget resolution for

that year, the reconciliationprocess may be used. Reconciliation typically

follows a timetable established in the budget resolution. Other budgetary

legislation, such as changes in directspending or revenue laws separatefrom the reconciliation process, changes in the public debt limit, or

authorizing legislation, are not tied directly to theannual budget cycle.

However, such legislation may be a necessary part of budgetary actions

Like Reply


Remember what happened before when Obama submitted a budget?

There was NO "Congressional consideration" to amend it, per usual.

Instead, they made a mockery of it and put it up for a vote "as is". Then

it was sent to the Senate, where Mitch McConnell edited it down to 60

pages of ridiculousness and insisted upon a vote...where of course it gotno votes.

So you want to go through that chirade again? If that's the way the

republicans want toplay it, why bother helping them?

Like Reply

46minutes agoJay Bennett

@AreYou MoreCarefull I do believe he submitted a budget last year

and every Senator who was there voted against it; I believe it was 99 - 0.

This man has no financial sense and his advisers are left wing loons

trying to bankrupt this country and doing one hell of a job.

2 Like Reply


J ay, read my post above that addresses your very point.

Like Reply

44minutes agoJay Bennett

@Ed TurnerWOWZA !! Last time anyone intelligent looked Harry Reid

was the Senate leader during that vote but thanks for following the liberal

line and blaming the Republicans.

Like Reply


You need to look up what happened J ay before you go assuming you

"think" youknow.

Like Reply


Thanks J ay,

All I am trying to say is everyone of us trying to live an honest life expect

through a tranferrence of values to see the government not squander our


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12/19


13/19

And yet you watch...

Like Reply

1 houragoAliquis Sweden

Can't handle 1 trillion (public or private) in less spanding in 9 years.

Can print 4 in 5 (?)

Like Reply


the 11th hour deal... We will all be saved by our great masters in government!!! All

hail our great masters!!! Stupid non-sense...

1 Like Reply


Raise banktaxes and cut salaries for politicans ;D

3 Like Reply


Their salariesare payed by lobbyists and back door deals... How do you intend

to cuttheir salaries? They are going to eventually voluntarily take one for the

team by not taking the tax payer money (which is $174,000)

Like Reply

1 houragoDon Skully

@Aliquis Sweden The banks will simply pass on any increase to the consumers.

This is the part about raising taxes on the wealthy corporations that the libs won't

talk about. it's essentially an indirect tax hike to all of us.

1 Like Reply

1 houragoCHRIS JOHNSON

I'm glad to see the absolute failure of our Congress to agree on anything.

We deserve this disgrace.

Like Reply


@CHRIS JOHNSONYeah, it's the same in the EU.

Meanwhile China with their one-party solution show how it's done and decide

whatever they want:D

Like Reply


Yeah thebarrel of a gun is the way to do things!

Like Reply

1 houragoDon Skully


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Page 1 of 1Obama says he wants to avoid shutdown - MarketWatch



14/19

@CHRIS JOHNSON If only they can stay gridlocked for 4 more years we may be

able to bypass any more damage from the community organizer in chief.

2 Like Reply

1 houragoChris Berg

This is all so exciting!

Like Reply

1 houragoBill H Illify

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=arHHMwWnKeDU

Invest/trade wisely

Like Reply


@Bill H Illify Bullishness is far from what it seem to have been in 2007though. If

I look at the Internet forums.

Or well, maybe that's just because I spam a lot.. :D, and I hadn't registrered back

then ;)

1 Like Reply


@Aliquis Sweden @Bill H Illify .......to a degree I believe you are correct....

Like Reply

1 houragoChristopher Popham Smith

Mr. Obama sir: You initiated the sequester, along with your top White Houseeconomic advisers.

It was unanimously voted upon and you signed it into law. And now you are trying to

go back on

your committment and blame theRepublicans? That's not nice, Mr. Obama.

By law, yes by law Mr. President, you must sign the order by midnight tonight, which

implements

yoursequester. The fear-mongering and hysteria are over. Let the sequesterbegin.

4 Like Reply

1 houragoKorre Olagh

@Christopher Popham Smith LAW is only there for the general populace to be

kept in their place. Politicians and Bankers need not worry aboutaccountability.

2 Like Reply

1 houragoFelix Mackie

`But when I fell into the mistake I have so long remained in, at least you led me

on?' saidI.

`Yes,' she returned, again nodding steadily, I let you go on.'

`Was that kind?'


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15/19

`Who am I,' cried Miss Havisham, striking herstick upon the floor and flashing into

wrath so suddenly that Estella glanced upat her in surprise, who am I, for God's

sake, that I should be kind?'

Like Reply

1 houragoburt garman

Obamawants, wants, wants;

I am getting so sick of what Obama wants...

Best of Luck!

3 Like Reply

1 houragoD.A. E

Next time on the Federal Government soap opera channel:

Government shutdownon March 27th when the Sept 2012 stopgap expires.

2 Like Reply

1 houragoBilal Jafar

Markets Damn Care About Politics

They only need FED, for more QE

http://wallstnews.blogspot.com/

1 Like Reply

1 houragoLee Sanders

To be honest, the sequester action may be the ONLY way to get government

spendingreduced. Since the government is spending 3X its revenue, something

drastic had to be done. It'd be nice now if Congress did their job of putting forth a

responsible budget for FY2014 so at least there can be advancedplanning. That

said, I find it regretable that such a huge number of government workers are taking

the direct hit so immediately, with little time to transition to the private sector and

escape the furlough mess.

5 Like Reply

1 houragoCHRIS JOHNSON

Lee, does anyone show any compassion toward the private sector workers when

they get laid off.

I'm glad to see the govt. gravy train slow down. It ain't stopped.

3 Like Reply

1 houragoDan Sullivan

@Lee Sanders It might be the only way but it's not nearly enough. The growth of

entitlement spending will make things a lot worse than situation which Greece is

in today. But if the republicans push for it they will be totally destroyed and the US

will become a one party system.

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Federal government workers are overpayed. As they slowly lay off the

contractors and have to do real work they will all decide to quit but when they

realize theyare payed 50% more than the private sector they will stay put and just

complain.

2 Like Reply

1 houragoEd Turner

wrong on everything there, Theo. Try Google and search for a private

sector/public sector comparison of equal or same job positions.

Like Reply

1 hourago

The obomb is not the Anti Christ...islam is!!!! Biggest threat to the US and Peace in

theworld....this budget crisis is child's play compared to what islam will bring.

3 Like Reply

1 houragoJohn Warren

balance approach is code for gimme mo and i'll think about cutting...what an arrogant

narcissistic underachiever.

5 Like Reply

1 houragoVito Spago

Obama does notcare or he would give in.

4 Like Reply

1 houragoBob Bloviate

Finally, a step in the correct direction!

5 Like Reply

1 houragoCHRIS BOLLINGER

I never want to make myself 100% clear with you guys. - This clown just refuses to

take a stand on anything (except raising taxes).

6 Like Reply

1 houragoHarry Johnson

I fail to see how a 2% reduction in expenses could cause such a calamity. If my family

had to remove 2% from our budget, we could do it with relative ease. This whole thing

is stupid, fear mongering and is about power rather than common sense leadership.

That being said, now that Obama is on record with his doomsday predictions I won'tput it past him to do everything he can to make them cometrue, citizens be damned.

If nothing happens like it should, he'll look the fool.

6 Like Reply

1 houragoDan Sullivan

Obama says he wants to avoid shutdown. But how can he not know that going around

the country calling the other guy stupid or not fair won't help reach compromise? Yes

the media take at face value whatever Obama says. That's why he is so high up in the

air while doing all the damage.

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1 houragoEd dante

I really hate to beat a dead horse, but I wouldn't be doing my job for you if I didn't

point out some of the most intellectually dishonest, self-aggrandizing Bernanke-speak

to come out of the Fed Chairman's testimony yesterday:

1. "[The Federal Reserve has] 25 years of success in keeping inflation low and

stable, not just in the United States but around the world."

Translation: "I have not set footin a grocery store or gas station in decades."

government jobs to support the economy quite significantly."

Translation: "In my sole discretion where I get to completely ignore all data points I

don't like, I am doing a heck of a job."

3. "I am very much in favor of getting our fiscal house in order but I think it's a

long run issue and I would be supportive of a less front-loaded set of

measures."

Translation: "Feel free to continue kicking the can down the road."

4. "The best way to get interest rates up is to not raise them too quickly."

Translation: "No matter what, I'm going to continue printing money and justify it with

puzzling drivel."

5. "I don't see any sign that that's happening (the U.S. dollar losing status as

world's reserve currency)."

Translation: "I pay absolutely no attention to what's going on in Russia, China, the

Middle East, or the gold market."

6. "[S]avers have many hats. They may own fixed income instruments, likebonds, but they also may own stocks or a house or a business. . . And those

values have gone up, the stock market has roughly doubled, as you know, in

the past few years."

Translation: "In order to not get eaten alive by inflation, I will force responsible savers

to assumeunnecessary risks in an overinflated stock market that has just now, finally,

reached its nominal highs from 2007 thanks to my money printing."

from soverieign man

9 Like Reply


@Ed dante Very good

Like Reply

1 houragoKorre Olagh

@Ed dante well done Ed

Like Reply

1 houragoCurtis Vaughan


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There will bean onslaught of "I told you so's" from liberal media. They will hunt down,

embellish then publish or televise anything negative that might soil moderates and

conservatives. In the long term, entitlements regarding our monstrous

public/government sectors will be reviewed. Hopefully with proper custodianshipour

elected officials, city, state and federal can find it within themselves to maintain what

will be a trimmer more sustainable system ofgovernment.

3 Like Reply

1 houragojohn burke

Sequestration would work much better if it stopped payments to senators and

congressmen andtheir staff for salary and expenses., they need more of a vested

interest in

4 Like Reply

1 houragoBob Bloviate

Oh no! will the Big-O still be able to take golf vacations?

1 Like Reply

46minutes agoDeloris Linam

@Bob BloviateBut of course, while at the same time the Big-M will also take her

separatecostly vacations.

Like Reply

1 houragoBrian Lambert

Wow what has happened to the market: I know the GOV has shut down but it looks

the market has stalled or they are just trying to digest what has just happened and

what is thenext move. UP? DOWN? or just side ways?

Like Reply

1 houragoTrent Wilcox

Markets move higher, yawns at Obama and sequester.

2 Like Reply

1 houragoJohn Tarver

QE drives markets higher by expanding the money supply.

2 Like Reply

1 houragoChip Wilson

This market is in it's own world. When we were red over 100 points this morning,

I said we would be green by the close. Dont bet against Uncle Benny and his 85b

Benny Bucks per month....

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The return of interest-

only mortgages

Sequester risks U.S.

security: Simpson,Bowles

Obama says he wants to

avoid shutdown

The states with the most

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