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2:55 am
Wed October 16, 2013

There's A New Kind Of Sign Spinner In Town

YouTube

Originally published on Wed October 16, 2013 12:15 pm

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It's All Politics
7:07 pm
Tue October 15, 2013

Shutdown Diary: Hope Turns Into Wall Street Warning

Wisconsin Rep. Paul Ryan, the House Budget Committee chairman, walks to a GOP meeting Tuesday.
Evan Vucci AP

Day 15 of the government shutdown started with as much promise as any recently: There was a bipartisan proposal by Senate leaders to reopen the government and raise the debt ceiling.

But any hopes were quickly dashed when leaders of the Republican-controlled House said they would offer a competing proposal because of their dissatisfaction with the Senate effort.

The Senate's Bipartisan Proposal

The Senate agreement between Harry Reid, D-Nev., and Mitch McConnell, R-Ky., came after weekend negotiations.

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Business
6:17 pm
Tue October 15, 2013

The IRS Can't Take Your Questions. It Will Take Your Return

IRS offices around the country, like this one in Brooklyn, N.Y., have been closed since the partial government shutdown began two weeks ago. While the agency continues to cash checks from payees, refunds, audits and most other operations are suspended.
Spencer Platt Getty Images

Originally published on Tue October 15, 2013 6:21 pm

Tuesday, Oct. 15,is the filing deadline for the roughly 12 million Americans who received an extension on their 2012 taxes. And having 90 percent of its staff furloughed in the partial government shutdown doesn't mean the IRS doesn't want your money.

"The IRS is shut down, but the tax law is never shut down," says Joshua Blank, professor of tax practice and faculty director of New York University Law School's Graduate Tax Program.

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The Government Shutdown
6:12 pm
Tue October 15, 2013

Why A Medical Device Tax Became Part Of The Fiscal Fight

Among the bargaining chips in the budget crisis on Capitol Hill, there's the small but persistent issue of taxing medical device manufacturers.

The 2.3 percent sales tax covers everything from MRI machines to replacement hips and maybe even surgical gloves. The tax was imposed to help pay for the Affordable Care Act. It didn't attract much attention at first — at least, not outside the world of medical device manufacturers.

But they have waged a persistent campaign to undo the tax, and right now is the closest they have come to succeeding.

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The Two-Way
6:10 pm
Tue October 15, 2013

Feel Old Yet? Roddick And Blake Will Play On Senior Circuit

James Blake addresses the crowd during an interview with Mary Joe Fernandez after losing on day three of the 2013 U.S. Open.
Matthew Stockman Getty Images

Originally published on Tue October 15, 2013 6:25 pm

Neither of them is over 35 years old. One of them played in ATP World Tour events just months ago; the other did so last year. But none of that will keep recently retired tennis players Andy Roddick, 31, and James Blake, 33, from joining a circuit of senior players.

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It's All Politics
5:42 pm
Tue October 15, 2013

Redefining Rock Bottom: Another Scary Poll For Congress

Cloudy skies shroud the Capitol on Monday. Congress is at an impasse as Democrats and Republicans remain at odds over the crises gripping the nation.
J. Scott Applewhite AP

Originally published on Tue October 15, 2013 7:03 pm

It's one of the oldest axioms in politics: Voters always say they want to "throw the bums out," except when it comes to their own representative. That's why the re-election rate for House members is typically over 90 percent.

Heading into the 2014 midterms, that long-standing rule appears to be holding true. But against the backdrop of the federal government shutdown, a potential default and general dysfunction in Washington, there are signs it's reaching a straining point.

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The Two-Way
5:41 pm
Tue October 15, 2013

Fitch Places U.S. Under Review For A Credit Downgrade

Originally published on Wed October 16, 2013 5:58 am

Fitch Ratings, one of the big three credit ratings agencies, issued a warning shot today, saying that while it affirmed the United States' AAA credit rating, it was placing it on "rating watch negative."

In other words, it was placing the country's long-term credit rating under review for a potential downgrade.

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The Two-Way
5:03 pm
Tue October 15, 2013

Supreme Court To Weigh EPA Permits For Power Plant Emissions

The Supreme Court is expected to take up the case on the greenhouse gas permits for large polluters early next year.
Susan Walsh AP

Originally published on Wed October 16, 2013 9:14 am

The Supreme Court has agreed to review an Obama administration policy that requires new power plants and other big polluting facilities to apply for permits to emit greenhouse gases.

To get these permits, which have been required since 2011, companies may have to use pollution controls or otherwise reduce greenhouse gases from their operations — although industries report that so far they haven't had to install special pollution control equipment to qualify for the permits.

The rule is part of a larger effort by the EPA to regulate greenhouse gases.

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Code Switch
5:03 pm
Tue October 15, 2013

Is Pitbull 'Mr. Education'? Rapper Opens Charter School In Miami

Pitbull is one of a growing list of celebrities who have opened their wallets or given their names to charter schools.
Jeff Daly AP

Originally published on Fri October 18, 2013 9:52 am

Rapper Pitbull (Armando Christian Pérez) is the latest in a long list of celebrities lending their star power to the flourishing charter school movement. Alicia Keyes, Denzel Washington, Shakira, Oprah — all support or sponsor charter schools.

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Europe
5:02 pm
Tue October 15, 2013

Moscow Suburb Riot Shows Russia's Tense Ties With Migrants

Originally published on Tue October 15, 2013 6:12 pm

Authorities in Moscow have rounded up more than 1,600 migrant workers after an ethnic riot took place over the weekend. Russian nationalists and soccer hooligans attacked a market area in a gritty industrial suburb of Moscow that's home to many migrant workers from the North Caucasus. The riot broke out after police announced that they were searching for a North Caucasian man suspected in the stabbing death of a young, ethnic Slav man. The situation highlights Russia's immigration problem — the country needs migrant labor, but fears what it perceives as foreign influence.

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