Econintersect: The markets today missed an inconsequential export / import prices report from the BLS, as the government shutdown continues into the tenth day.
Econintersect was expecting continued deflation in both exports and imports. The best shutdown news:
From the Washington Post:
No matter how you slice it, the ongoing federal government shutdown has been bad news for the Republican Party’s image. Why? Three reasons stand out.
- The GOP has been getting more blame.
- Favorability is in the toilet.
- The shutdown has stoked intraparty tension.
From USA Today:
President Obama is reaching out to lawmakers in a bid to move forward on ending the government shutdown. He’ll sit down Thursday for separate talks with House Republicans and Senate Democrats, after meeting with House Democrats on Wednesday. Both chambers are in session Saturday, a sign that the deadlock is expected to continue. Senate Majority Leader Harry Reid, D-Nev., has scheduled a key procedural vote Saturday on legislation to suspend the debt ceiling through 2014. But he’ll need the votes of six Republicans to cross that hurdle, assuming all 52 Democrats and the two independents who caucus with them stick together.
