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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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The Two-Way
9:07 am
Thu October 3, 2013

Jobless Claims Stay Near Six-Year Low

There were 308,000 first-time claims for unemployment insurance filed last week, up 1,000 from the week before, the Employment and Training Administration reported Thursday morning.

That means claims continue to run at a relatively low rate that until recent weeks hadn't been seen since the spring of 2007 — six months before the start of the 2007-09 recession.

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The Two-Way
8:46 am
Thu October 3, 2013

Sharp Words Over Shutdown When Lawmaker Visits WWII Memorial

Rep. Randy Neugebauer, R-Texas.
Kevin Dietsch UPI/Landov

Originally published on Thu October 3, 2013 8:55 am

The World War II Memorial in Washington, D.C., has become a flashpoint as the partial government shutdown continues.

First there was the attention paid on Tuesday when a group of WWII veterans (with some help from Republican members of Congress and their staffs) ignored barricades and went through with their long-planned visit to the site.

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It's All Politics
8:16 am
Thu October 3, 2013

Thursday Morning Political Mix

Washington has had no shutdown of meetings, like Wednesday's at the White House between President Obama and congressional leaders. But the path to reopening the government seemed no clearer.
Pablo Martinez Monsivais AP

Good morning, fellow political junkies. As we enter Day 3 of the federal government shutdown, the impasse appears no closer to a solution. Nothing like a way forward seemed to come from President Obama's White House meeting Wednesday evening with congressional leaders.

But, then, we didn't expect much from it since the president's people said he wouldn't be negotiating.

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The Two-Way
7:27 am
Thu October 3, 2013

Dozens Dead, More Feared Lost, After Shipwreck Off Sicily

Some of the victims recovered after Thursday's wreck of a ship near Sicily were placed in body bags before being brought ashore to the island of Lampedusa.
Reuters /Landov

Originally published on Thu October 3, 2013 10:59 am

There's been a sea disaster near Sicily, as The Associated Press reports:

"A ship carrying African migrants to Europe caught fire and capsized off the Italian island of Lampedusa on Thursday, killing at least 94 people as it spilled hundreds of passengers into the sea, officials said. Over 150 people were rescued but some 200 others were still unaccounted-for."

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