Economy & Business

Economy & Business
2:00 pm
Thu October 17, 2013

Analyst: Wisconsin's Politics More Stable Than Federal Government's Uncertainty

Congress has avoided a potential crisis at the last minute.
Credit Getty Images

Lake Effect's Mitch Teich talks with Lake Effect Contributor Art Cyr.

Faced with a midnight deadline for extending America’s authority to borrow money, Congressional leaders reached a long-awaited deal to raise the debt ceiling and reopen the federal government.

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Planet Money
12:06 pm
Thu October 17, 2013

U.S. Is The World's Largest Producer Of Natural Gas. Here's What That Means

Quoctrung Bui

Originally published on Fri October 18, 2013 11:37 pm

Natural gas production in the U.S. is going through the roof. The U.S. now produces more natural gas than any country on Earth, according to a recent report from the U.S. Energy Information Administration.

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The Two-Way
10:39 am
Thu October 17, 2013

Obama Calls For Budget, Immigration Reform By Year's End

At the White House on Thursday, President Obama said "the American people are completely fed up with Washington."
Charles Dharapak AP

Originally published on Thu October 17, 2013 11:50 am

President Obama slammed the partisan standoff "spectacle" that he said had damaged the economy and America's international credibility, and called on Congress to pass a comprehensive budget, immigration reform and a farm bill by year's end.

He praised "Democrats and responsible Republicans who came together" to pass a last-minute deal to reverse a partial government shutdown and narrowly avert the expiration of the federal borrowing authority.

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It's All Politics
10:12 am
Thu October 17, 2013

10 Takeaways From The Fiscal Fight

With the shutdown-debt ceiling fight over, Speaker John Boehner, R-Ohio, appeared to strengthen his hand within the House GOP caucus but weaken it outside that group.
Evan Vucci AP

Originally published on Thu October 17, 2013 11:50 am

With the double crises of a partial government shutdown and a potential debt default resolved, it's a good time to consider some of the lessons we learned from the dysfunction and drama of recent weeks.

Here are 10 of them:

Shutting Down The Government Is Not A Winning Political Strategy

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The Two-Way
9:29 am
Thu October 17, 2013

Economists: Shutdown Will Shave Half-Percent From Quarterly GDP

Originally published on Thu October 17, 2013 2:06 pm

The government shutdown has taken a toll on the nation's economy and despite a deal that sidesteps a debt default and restarts the government (at least for a few months), growth forecasts for the last quarter of the year are being scaled back.

Economist Mark Zandi of Moody's Analytics has shaved his gross domestic product forecast from a 2.6 percent annualized rate to 2.1 percent for the last three months of the calendar year.

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