November 1, 2013 |
WASHINGTON - The Pentagon's Early Bird, an influential daily digest of news and opinion articles about the military that began early in the Cold War, died Friday, another victim of digital news and the government's desire to control the flow of information. "It had become too big," said Col. Steve Warren, the head of the Pentagon's press office, who terminated the 65-year-old clip service. "It had become too powerful, and I believe it had the tendency to take a small story and purely by accident turn it into a crisis.
October 31, 2013 |
WASHINGTON -- Initial jobless claims fell for the third straight week as furloughed federal employees returned to work and the effects of the government shutdown abated, the Labor Department said Thursday. There were 340,000 people who filed for first-time unemployment benefits last week, a drop of 10,000 from the previous week. Economists had projected the number would drop to 335,000. The figure was down significantly from 373,000 claims in the week that ended Oct. 5, the highest level since January.
October 31, 2013 |
WASHINGTON -- Arnold Schwarzenegger met with a bunch of California Democrats and Republicans on Wednesday while on Capitol Hill to lobby for after-school programs. But it was notable that the one with whom he strode to the podium at a Capitol news conference was Sen. Barbara Boxer. The once strident opponents and ideological firebrands have mellowed over the years. Schwarzenegger's path to the political middle is well-documented. Activists in the state GOP were ready to ex-communicate the movie star who first ran for office as an antitax crusader, but who had raised taxes by the time he exited government in 2010.
October 30, 2013 |
WASHINGTON -- Business hiring slowed this month with the private sector adding just 130,000 net new jobs as the partial government shutdown hit an already weakening labor market, payroll processor ADP said Wednesday. The figure was below the 150,000 average monthly job growth in the sector over the previous year as the hiring in the service sector fell off in October, said Mark Zandi, chief economist at Moody's Analytics, which assists ADP in the monthly report. "The government shutdown and debt limit brinkmanship hurt the already softening job market in October," Zandi said.
October 30, 2013 |
WASHINGTON - With another government shutdown looming as soon as January, congressional negotiators convened Wednesday to attempt to reach a budget compromise and end the brinkmanship that has left the capital lurching from one fiscal crisis to another. But just two weeks after a short-term deal ended the 16-day government shutdown, familiar partisan divisions over tax hikes and spending cuts reemerged and expectations remained low that members of the House and Senate panel would achieve the kind of far-reaching deficit reduction deal once pursued by President Obama and House Speaker John A. Boehner (R-Ohio)
October 25, 2013 |
WASHINGTON -- A leading barometer of consumer confidence tumbled this month to its lowest level this year as the partial federal government shutdown led to fears the economic recovery would slow down. The consumer sentiment index from the University of Michigan and Thomson Reuters fell to 73.2 from 77.5 in September, a steeper drop than economists had forecast. The October figure, released Friday, was the lowest since December, when consumers were concerned about the looming fiscal cliff of tax hikes and budget cuts.
October 24, 2013 |
We'll be seeing lots more data like these, but the White House Council of Economic Advisers is reporting that the government shutdown took a huge bite out of economic growth--and that the impact will linger. The chart above shows the effect on economic confidence, one of eight daily or weekly economic indicators tracked by the CEA. (The three lines follow three separate surveys, Gallup, Rasmussen and the University of Michigan.) Put briefly, confidence fell off a cliff. That's likely to bleed into the holiday period.
October 24, 2013 |
The feeling inside the GOP these days can be summed up in a paraphrase of a line by an old French Marxist: "Hell is other Republicans. " After a government shutdown that was foreseen as a failure even by many of those who haplessly provoked it, the party cannot agree on how to undermine President Obama's agenda while advancing its own. Should it embrace the full-frontal militancy favored by the tea party and agitators like Heritage Action for...
CALIFORNIA | LOCAL
October 23, 2013 |
Because of the government shutdown earlier this month, the National Transportation Safety Board said this week that they are delaying from November to December a two-day investigative hearing about the deadly Asiana Airlines plane crash in San Francisco earlier this year. Asiana Airlines Flight 214 on July 6 clipped a seawall and slammed into a runway while landing at San Francisco International Airport. Three teenage girls were killed in the crash and more than 180 other people were injured.
October 22, 2013 |
WASHINGTON - A top Federal Reserve policymaker said the central bank was unlikely to start reducing a key stimulus program for "a few months" because the partial government shutdown has muddied the economic picture. Charles Evans, president of the Federal Reserve Bank of Chicago, said Monday that he would need to see strong jobs reports and signs that the nation's economic output, or gross domestic product, was on the upswing before he would support tapering the monthly $85-billion bond-buying program.