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Government Shutdown

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BUSINESS
October 16, 2013 | By Don Lee
WASHINGTON -- The government shutdown, now in its third week, is pinching the housing market -- but just a little. A key index of home builders' optimism slipped to 55 this month, from 57 in September, the National Assn. of Home Builders said Wednesday. The survey was conducted during the first 10 days of the month. But that was a relatively small drop. The latest reading is still close to the highest level since early 2006, and analysts say the paralysis in Washington has had less of a hit on the market than some feared, so far anyway.
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BUSINESS
March 10, 2014 | By Hugo Martín
The partial government shutdown in October was largely to blame for a 3% drop in visitors to America's national parks in 2013, according to a report released Monday by the National Park Service. The country's 401 parks, historic sites and recreation areas drew 273.6 million visitors in 2013, about 9 million fewer than the previous year, according to the report. The 16-day government shutdown, sparked by a budget dispute in Washington, was responsible for reducing the visitation numbers by about 7.9 million, the report said.
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OPINION
October 2, 2013
Re "Congress fails to stop shutdown," Oct. 1 A sect of the Republican Party has again flexed its political muscle and effectively shut down the government because it doesn't feel it necessary for those without healthcare insurance now to be able to obtain it. This group has been unwilling to work with President Obama since he has been in office - if he says yes, they vote no; if he says up, they vote down. These lawmakers' concern has never been about what's right for the nation, but only about how to thwart the president whenever possible.
BUSINESS
March 10, 2014 | By Hugo Martin, This post has been updated, as indicated below.
The government shutdown in October was largely to blame for a 3% drop in visitors to America's national parks in 2013, according to a report released Monday by the National Park Service. The country's 401 parks, historic sites and recreation areas drew 273.6 million visitors in 2013, about 9 million fewer than the previous year, according to the report. The 16-day government shutdown, sparked by a budget dispute in Washington, was responsible for reducing the visitation numbers by about 7.9 million visitors, the report said.
SPORTS
October 11, 2013 | By David Wharton
The government shutdown won't shut down the New York City Marathon, but it could shift things around a little. Race organizers are working on a plan to move the event's staging area, currently set for Fort Wadsworth, a federally operated facility on Staten Island, the Associated Press reported. With about 45,000 runners expected to participate in the Nov. 3 race, officials did not say where they might place an alternative staging area. They said they did not believe the starting line would be affected.
NEWS
September 30, 2013 | By Paul Thornton
The president's Affordable Care Act may be unpopular, and Americans may be wary about raising the debt ceiling - but shut down the federal government? Polls show that Americans don't want that to happen, and our readers' opinions reflect that. As the government appears headed for a shutdown on midnight Tuesday - with Congress deadlocked on a spending bill that would keep federal agencies running but delay the implementation of Presidential Obama's healthcare reform law for one year - most readers are expressing disbelief at the dysfunction in Washington.
BUSINESS
October 1, 2013 | By Andrew Tangel and Don Lee
NEW YORK -- Wall Street had a muted initial reaction to the federal government's shutdown. Major U.S. stock indexes bounced back in early trading in New York, a day after they lost about 1% as the U.S. House, Senate and President Obama dug in for yet another seemingly intractable Washington fight. The Dow Jones industrial average gained 62.82 points, or 0.42%, to 15,192.49 about an hour after the opening bell. The broader Standard & Poor's 500 rose 10.91 points, or 0.65%, to 1,692.46.
NATIONAL
October 3, 2013 | By Los Angeles Times Staff
President Obama has canceled his long-planned trip to Southeast Asia because of the government shutdown, White House spokesman Jay Carney said Thursday night. The president was scheduled to leave Saturday to attend the Asia-Pacific Economic Cooperation summit in Indonesia and the East Asia Summit in Brunei. "The cancellation of this trip is another consequence of the House Republicans forcing a shutdown of the government," Carney said. "This completely avoidable shutdown is setting back our ability to create jobs through promotion of U.S. exports and advance U.S. leadership and interests in the largest emerging region in the world.
BUSINESS
October 4, 2013 | By Michael Hiltzik
Kevin Drum lists them as succinctly as one could hope. The key point to remember is No. 1, as I pointed out here : Whatever happens, the ridiculous and economically devastating sequester survives. Reach me at @hiltzikm on Twitter , Facebook , Google+ or by email . MORE FROM MICHAEL HILTZIK A way to make Wall Street pay its fair share How obscene is the CEO/worker pay gap? Why public employees should have the right to strike
BUSINESS
October 17, 2013 | By Ricardo Lopez
The first government shutdown in nearly 20 years ended late Wednesday after Congress agreed on a deal to fund the government through Jan. 15. and raise the nation's debt limit through Feb. 7. The 16-day ordeal took a toll on the national economy, economists said.  Here's a by-the-numbers breakdown of the effects: $24 billion: That's the overall impact to the U.S. economy, according to an estimate by Standard & Poor's.  2.4%: ...
OPINION
February 16, 2014 | Doyle McManus
Ever since a wave of conservative insurgents arrived in Washington after the congressional election of 2010, Congress has careened from one tea party-inspired fiscal crisis to another, from the debt-ceiling showdown of 2011 to last year's 16-day government shutdown. But last week, when the debt ceiling needed to be raised again, conservative Republicans decided not to fight. They still voted no, but they meekly stood aside to let the ceiling rise. "You've got to know when to hold them and when to fold them," Rep. Michele Bachmann (R-Minn.)
BUSINESS
January 30, 2014 | By Don Lee and Andrew Tangel
WASHINGTON - U.S. consumer spending ended last year with a flourish, lifting overall economic growth and renewing hopes that the recovery will hit its stride this year and boost employment and incomes. The economy expanded at a solid 3.2% annual rate in the fourth quarter, the government estimated Thursday. Figures showed that people ate out more and bought more cars, clothes and other goods and services. Rising exports and a rebound in business spending for equipment also helped.
BUSINESS
January 23, 2014 | By Hugo Martin
Despite a harsh winter, a government shutdown and other problems, the nation's largest airlines reported strong earnings for 2013. The country's largest airlines benefited from a steady growth in demand, stable fuel prices and a continuing rise in revenue from passenger fees to check luggage and reserve roomier seats, among other charges, according to financial reports. Southwest Airlines, for example, reported Thursday net income of $754 million, or $1.05 per diluted share, for 2013, compared with $421 million, or 56 cents, for 2012.
NEWS
January 15, 2014 | By Lisa Mascaro
WASHINGTON  -- The bitter partisan feud over the proper size of government came to a temporary truce Wednesday as the House easily approved a $1-trillion spending bill to avert another federal shutdown. Speaker John A. Boehner (R-Ohio) corralled his often restless Republican majority to support the bipartisan accord, which is expected to be approved by the Senate later this week. The measure, approved 359 to 67, will fund almost every aspect of federal operations for the remainder of the fiscal year, through Sept.
NEWS
January 13, 2014 | By Lisa Mascaro
WASHINGTON -- As senators narrowed their differences on a proposal to break a stalemate over unemployment insurance, congressional leaders reached agreement late Monday on a $1-trillion spending package to avoid a government shutdown this week. The intense day of private negotiations on Capitol Hill shows a Congress that is trying to move past the partisan brinkmanship that has paralyzed the legislative process in recent years. Republicans, in particular, have calculated that voters are tired of the gamesmanship and want the federal government to provide basic services.
BUSINESS
January 7, 2014 | By Jim Puzzanghera
WASHINGTON - Americans' confidence in the economy has jumped since the end of the partial federal government shutdown in October, another positive sign for the recovery as the new year begins, according to data released Tuesday by Gallup.  The public opinion firm's economic confidence index rose to minus-19 in December from minus-25 in November. The monthly average, based on Gallup's daily tracking interviews, had plunged to minus-35 in October as a partisan standoff in Washington caused many federal agencies to shut down for 16 days.
AUTOS
October 4, 2013 | By David Undercoffler
Add it to the long list of things affected by the government shutdown: vehicle recalls. With the shutdown entering its fourth day on Friday, the number of recalls has slowed to a trickle, with only one automaker opting to announce a recall voluntarily. Traditionally, announcing vehicle recalls is the duty of the National Highway Traffic Safety Administration, an arm of the Department of Transportation. Like many government-funded entities, NHTSA has had to dramatically curtail its operations since the federal government shutdown on Tuesday.
ENTERTAINMENT
October 2, 2013 | By David Ng
National monuments around the country remain closed following Tuesday's partial shutdown of the federal government. The National Park Service, which oversees such monuments as the Lincoln Memorial in Washington and the Statue of Liberty in the New York area, said that all monuments and parks will remain shuttered and that their webpages will remain nonoperational. The government shutdown, which started after Congress failed to reach an agreement on spending, also has resulted in the closure of all Smithsonian museums in Washington and New York.
NEWS
December 18, 2013 | By Lisa Mascaro
WASHINGTON -- A bipartisan budget plan won final approval in Congress on Wednesday, with the Senate passing the hard-fought compromise. President Obama was expected to swiftly sign the measure, which cleared the Senate 64 to 36. Nine Republicans joined all Democrats in approving the measure. Three Republicans who voted to advance the bill earlier in the week voted against it Wednesday. The House overwhelmingly passed it last week. The $85-billion package is modest in scope but represents a rare bipartisan achievement for a divided Congress that has spent the past two years engaged in high-stakes standoffs over government budgets.
BUSINESS
December 17, 2013 | By Ricardo Lopez
Led by positive data on sales of new single-family housing, home-builder confidence ticked up in December, reaching its highest reading in four months. The gauge of the National Assn. of Homebuilders/Wells Fargo Housing Market Index reached 58 last month. Figures above 50 signal that builders are optimistic. “This is definitely an encouraging sign as we move into 2014,” said Rick Judson, NAHB's chairman and a home builder from Charlotte, N.C. “This indicates that an increasing number of builders have a positive view on where the industry is going.”   The housing market has recently cooled, a trend that begin this summer.
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