Legal & Regulatory
No signs to end US shutdown as it starts its first day
The US government shutdown had started its first day after 17 years after US President Barack Obama and congressional Republicans failed to settle the budget issue before the deadline on Tuesday, said a Reuters report.
Government shutdown may cause delay for mortgage closures
In a telephone interview, mortgage industry experts say that the shutdown would not only delay approvals but also put banks at risk as they work around the government's lack of services.
Harbinger share values rise amidst SEC settlement with its founder
Harbinger Group, Philip Falcone's investment firm, jumped in value as it sold off shares to a consortium headed by Leucadia National Corp.
CEOs say shutdown would result in loss of economic gains
Many CEOs said that the extended budget impasse on health care reform would only result in greater problems such as loss of economic gains from the 2008 financial crisis.