Originally published on Fri September 27, 2013 6:32 pm
Update At 3:50 p.m. EDT.
President Obama on Friday praised the Senate for passing a spending bill to keep the federal government operating and called House GOP efforts to tie approving the measure to defunding the Affordable Care Act "political grandstanding."
He said that despite Republican hopes that Obamacare will be repealed, "That's not going to happen," accusing Republicans of threatening to "blow up the entire economy."
No one has the right to precipitate such a crisis, he said, "just because there are a couple of laws you don't like."
Originally published on Fri September 27, 2013 1:03 pm
With the possibility of a federal government shutdown looming on the horizon, we decided to take a look back in photographs at the last time the government closed its doors.
On Nov. 13, 1995, with a midnight shutdown almost inevitable, the Dow Jones Industrial Average dropped due to lack of confidence in the U.S. government. People flocked to passport offices, not knowing the next time they would be able to get one.