Originally published on Mon October 14, 2013 6:34 pm
This post was last updated at 6:10 p.m. ET.
The House and Senate were in session on Columbus Day, the 14th day of the federal government shutdown. A meeting that had been arranged between President Obama, Vice President Biden and the four main leaders of Congress was postponed, as the White House cited the progress being made in negotiations.
The latest word of a possible deal calls for raising the federal debt limit through Feb. 15 and funding a return to work for the government through Jan. 15. We'll update this post as more news comes in.
It's been 521 years since the Italian explorer Christopher Columbus "sailed the ocean blue/in fourteen hundred and ninety-two." Since then, there have been thousands of parades, speeches and statues commemorating Columbus, along with a critical rethinking of his life and legacy.
But the question remains, how did a man who never set foot on North America get a federal holiday in his name? While Columbus did arrive in the "New World" when he cast anchor in the Bahamas, he never made it to the United States.
Three American professors have won the 2013 Nobel Prize for Economics for their work in identifying long-term trends in the prices of stocks and bonds, based in part on analyzing the role of risk.
Professors Robert J. Shiller of Yale University and Eugene F. Fama and Lars Peter Hansen, both of the University of Chicago, won "for their empirical analysis of asset prices," the Royal Swedish Academy said in announcing the honor Monday.