For weeks, economists and bankers have been warning that there will be catastrophic consequences if Congress fails raise the nation's borrowing limit.
They say it will mean the nation will default on its debt, which could rock U.S. and global markets. The Treasury has warned that it will exhaust the "extraordinary measures" it has been using to keep paying the nation's bills by Oct. 17.
It hasn't been a great year for peace. War is raging in Syria, grinding conflicts drag on in Afghanistan and Iraq, and assorted insurgencies plague nations from Asia to Africa.
Yet the Nobel Peace Prize will be announced Friday, and one of the favorites would be a striking choice: Malala Yousafzai, the 16-year-old schoolgirl who was shot by the Taliban last year for her outspoken advocacy of girls' education in her native Pakistan.
Originally published on Thu October 10, 2013 9:58 am
If Congress doesn't raise the debt ceiling soon, the U.S. government won't be able to pay its debts. Here's who the government owes money to — all the holders of U.S. Treasury debt, broken down by category and by how much government debt they hold.
Originally published on Thu October 10, 2013 8:02 am
Good morning, fellow political junkies. It's Day 10 of the federal government's partial shutdown. And while it's a dreary, rainy day in Washington, there did appear to be more glimmers of hope this morning than in recent days.
Today's theme is movement, as in, there seem to be some tentative steps towards resolving the current fiscal impasse as President Obama and House Republicans are scheduled to meet at the White House later Thursday.
The Swedish Academy, which gives Nobel Prizes out this time of year, calls for master of the contemporary short story. Canadian writer Alice Munro is the winner of the 2013 Nobel Prize in Literature. The announcement was made earlier this morning in Stockholm. And joining us to talk about the selection is NPR's Lynn Neary. Lynn, good morning
LYNN NEARY, HOST:
Good morning. Good to be here.
GREENE: So we have an editor at MORNING EDITION from Canada, and he literally jumped out of his seat when he heard this news.