Two Weeks Of Government Shutdown Have Helped Erase Two Years Of Consumer Confidence Gains..!

Gallup's latest reading of its daily economic confidence index is at -41, down 40 points from a peak of -1 reached in late May.

Half of the drop from May's peak to today's levels has happened in just the past two weeks, since the government shutdown started on October 1.

At -41, the index is at the lowest level since December 12, 2011 - almost two years ago. In other words, two weeks of government shutdown has helped erase two years of gains in consumer confidence.

Only 28% of those polled by Gallup say the economic outlook is getting better, whereas 67% say it's getting worse.

Source : http://www.businessinsider.in/Two-Weeks-Of-Government-Shutdown-Have-Helped-Erase-Two-Years-Of-Consumer-Confidence-Gains/articleshow/24165663.cms

Report: No Vote Expected On Debt Ceiling Today

No Vote Expected On Debt Ceiling Today

          Both Republicans and Democrats are suggesting that progress is being made on a deal to raise the debt ceiling and reopen the government.

But according to Roll Call reporter Daniel Newhauser, staffers in the House of Representatives are being notified that a vote on related legislation is not expected today.

President Obama met with Senate Republicans this morning, and Jonathan Strong of National Review reports that some Senate Republicans are looking to "jam" Speaker John Boehner by reaching a deal with the President that would pass the Senate with a broad bipartisan majority.

Boehner needs to pass a plan of his own quickly to avoid losing control over negotiations to the Senate. But it probably won't happen today.

Source : http://www.businessinsider.in/Report-No-Vote-Expected-On-Debt-Ceiling-Today/articleshow/23992630.cms