Day 14 of Government Shutdown – Still No End In Sight

Econintersect: The markets will miss gasoline price change today from the EIA, as the government shutdown continues into the 14th day.

The EIA website state “EIA is closed due to a lapse in appropriations.  EIA will not update its website until the agency reopens.”  The EIA has been operating and releasing all reports Econintersect normally uses over the last two weeks – this shutdown is “new” news. The headlines in the mass media:

From the NBC News:

Washington is deadlocked as it enters the 14th day of a partial government shutdown that leaves the United States facing the prospect of defaulting on its bonds – a move that could send both the dollar and global financial markets into a tailspin.

From USA Today:

It’s come down to Senate Majority Leader Harry Reid, D-Nev., and his GOP counterpart, Minority Leader Mitch McConnell of Kentucky. Many on Capitol Hill are looking at talks between the two Senate leaders as the last — and best — hope for a deal that would end the government shutdown and raise the debt limit of $16.7 trillion. The two leaders asserted control over negotiations to end the stalemate on Saturday, when it became clear that House Speaker John Boehner could not strike a deal with the White House on his own. Reid said he was “optimistic,” while Sen. Bob Corker, R-Tenn., said Republicans are “very unified” behind McConnell.

Four other new shutdown effects:

• Mount Rushmore will reopen today
• Visitors turned away from Normandy cemeteries
• Merchant Marine Academy cancels classes for the week
• Social Security recipients await news of increase