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The Government Shutdown
11:48 am
Thu October 3, 2013

Without Key Jobs Data, Markets And Economists Left Guessing

JPMorgan Chase trader Frederick Reimer works on the floor of the New York Stock Exchange. The government's monthly jobs numbers won't be released as scheduled Friday, leaving financial markets without key data to evaluate the economy.
Brendan McDermid Reuters/Landov

Originally published on Thu October 3, 2013 1:32 pm

Stock investors and business journalists unite each month for one shared, suspenseful moment — the 8:30 a.m. release of the Labor Department's employment report.

The unveiling of the report — so rich with data on job creation, unemployment, wages and hours — can be counted upon to set off a tsunami of tweets. Economists jump in with instant analysis and politicians fire off press releases with reactions.

That market-moving report was due this Friday.

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The Two-Way
11:46 am
Thu October 3, 2013

Tropical Storm Karen Heading For U.S. Gulf Coast

The storm track forecast for Karen.
National Hurricane Center, Miami

Originally published on Thu October 3, 2013 2:07 pm

Newly formed Tropical Storm Karen, which could reach hurricane strength by Friday, is expected to make landfall on the U.S. Gulf Coast sometime over the weekend.

The National Hurricane Center in Miami says the late-season storm formed Thursday morning about 485 miles south of the Mississippi Delta, with maximum sustained winds of 65 mph. It was moving north-northwest at 12 mph, but was expected to speed up.

Forecasters say it will make landfall in the U.S. either Saturday or Sunday.

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It's All Politics
11:20 am
Thu October 3, 2013

Why A Handful Of Hard-Liners Has A Hold On Boehner

House Speaker John Boehner speaks to the media after a meeting with President Obama at the White House on Wednesday.
Saul Loeb AFP/Getty Images

Originally published on Thu October 3, 2013 12:53 pm

To understand House Speaker John Boehner's role in the government shutdown, you have to understand the 30 or so House Republican hard-liners and his relationship with them.

It's an uneasy one at best.

"Listen, we've got a diverse caucus," was how Boehner put it in mid-September, shortly after the 30 forced him to ditch his original plan for a temporary government funding bill.

"Whenever we're trying to put together a plan, we've got 233 members — all of whom have their own plan," he said. "It's tough to get them on the same track. We got there."

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The Two-Way
11:12 am
Thu October 3, 2013

How Do You Get Paid $400,000 At Carnegie Hall? Be A Stagehand

In November 2004, the Grand Ole Opry came to Carnegie Hall.
Paul Hawthorne Getty Images

Originally published on Fri October 4, 2013 1:04 pm

(Update at 1 p.m. ET, Oct. 4: Click here for an important development — management and the stagehands have reached a deal.)

Our original post:

Carnegie Hall's opening night gala was canceled Wednesday because of a strike by stagehands.

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The Two-Way
11:09 am
Thu October 3, 2013

Treasury: New Debt Ceiling Fight Could Derail Economy

Treasury Secretary Jacob Lew leaves the Capitol after a visit on Thursday.
Alex Wong Getty Images

Originally published on Thu October 3, 2013 3:30 pm

The Treasury Department is issuing a warning of dire economic consequences that could rival the Great Recession if Congress is unable to agree on raising the debt ceiling and the nation defaults on its obligations.

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