Economy & Business

Politics
4:03 am
Wed October 9, 2013

Obama To Nominate Yellen To Lead Federal Reserve

The White House says President Obama will nominate Janet Yellen as the new head of the Federal Reserve Board. She has been a key player in the Fed's efforts to bring the economy back from the Great Recession. If confirmed, she would succeed Ben Bernanke.

Business
3:44 am
Wed October 9, 2013

Ikea's Chinese Stores Invite Nappers To Try Out Their Beds

Originally published on Wed October 9, 2013 6:00 am

So many customers have been napping on the beds in Ikea's Chinese stores that employees have begun to change the sheets daily. One store in Hong Kong invited its customers to wear their pajamas and sleep over. About 80 of them did.

Politics
3:44 am
Wed October 9, 2013

Rep. Labrador Of Idaho Weighs In On Government Shutdown

Originally published on Wed October 9, 2013 5:44 am

Transcript

RENEE MONTAGNE, HOST:

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Politics
3:44 am
Wed October 9, 2013

Federal Prison Workers Dismayed By Government Shutdown

Originally published on Wed October 9, 2013 5:38 am

Transcript

STEVE INSKEEP, HOST:

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Politics
3:44 am
Wed October 9, 2013

Obama, Boehner Stake Out Positions On Shutdown

Originally published on Wed October 9, 2013 4:49 am

President Obama made his case for reopening the government and raising the debt ceiling at a White House news conference Tuesday afternoon. It was his first news conference in several weeks. House Speaker John Boehner spoke at the Capitol for about five minutes.

Business
3:44 am
Wed October 9, 2013

Treasury Officials Mull Credit Default Solutions

Originally published on Wed October 9, 2013 4:44 am

The Treasury Department says it will begin running out of money to pay its bills by Oct. 17, if the partial government shutdown isn't over by then. That prospect worries the financial markets. Treasury debt plays a fundamental role in the global economy, and economists agree that a debt default would have dire consequences. But some Republicans insist that a default doesn't have to happen.

Business
3:44 am
Wed October 9, 2013

Health Scares In China Hurt Yum Brands' Profits

Originally published on Wed October 9, 2013 5:55 am

The owner of KFC and Pizza Hut has reported a near 70 percent drop in profits this quarter. Yum Brands relies on operations in China for three quarters of its revenue. Recent food safety issues and a bird flu outbreak there hit the company especially hard.

Around the Nation
2:00 am
Wed October 9, 2013

High-End Extras Aren't A Sure Bet For Tribal Casinos

Yvonne Smith is the director of La Rive Spa at Northern Quest Resort and Casino in Washington state. Across the country, Native American tribes are hoping high-end extras will draw visitors to casinos.
Jessica Robinson Northwest News Network

Originally published on Wed October 9, 2013 8:53 am

What used to be no-frills slot parlors off the highway are turning into resort-style destinations with spas, golf courses and luxury hotels. Native American tribes are hoping these added amenities will give them an edge in an increasingly competitive gaming market.

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The Two-Way
6:35 pm
Tue October 8, 2013

Obama Will Tap Janet Yellen As Fed Chairwoman

Federal Reserve Vice Chair Janet Yellen speaks at an international monetary conference in Shanghai on June 3, 2013.
Peter Parks AFP/Getty Images

Originally published on Tue October 8, 2013 6:53 pm

The White House says President Obama intends to nominate Federal Reserve Vice Chairwoman Janet Yellen to chair the Federal Reserve, once Ben Bernanke completes his term in January.

If confirmed, Yellen, 67, would be the first woman to head the American central bank.

Obama is scheduled to make the announcement at 3 p.m. ET. Wednesday.

The Wall Street Journal reports:

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It's All Politics
5:41 pm
Tue October 8, 2013

Shutdown Diary: Obama Takes On The Default Deniers

At a Tuesday news conference, President Obama underscored Democrats' refusal to negotiate with Republicans on bills to reopen the government and raise the debt ceiling.
Charles Dharapak AP

Originally published on Tue October 8, 2013 7:30 pm

On Day 8 of the federal government's partial shutdown, President Obama called House Speaker John Boehner. But the morning phone call produced no movement toward resolution, according to readouts by aides to both men.

Here are some of Tuesday's news highlights:

President Obama

Obama gave his first lengthy press conference since early August, answering questions for more than an hour.

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