Word: shutdown
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Wall Street had a rough day Thursday, as most of the major indices fell amid uncertainty over a possible third federal shutdown. The Dow Jones industrial average lost much of yesterday's gain, falling 26.01 points to close at 5,216.83. The New York Stock Exchange composite index also fell 1.17 to close at 330.55. On the Big Board, decliners led advancers 1,272 to 1,033, with 776 unchanged. Volume was heavy, with 445.35 shares traded. The technology-heavy Nasdaq composite index also fell Thursday, losing 7.34 to end the day at 1,036.12. The Standard & Poor...
WASHINGTON: A third federal government shutdown was narrowly averted when the White House and Congressional Republicans reached a temporary spending agreement to keep the government operating until March 15. The House moved to pass the legislation today, and Senate approval is expected Friday, just hours before the current temporary funding measure is set to run out. "The budget negotiations have been a complete rout for the Republicans," says Congressional correspondent Karen Tumulty. "It looks like they are now content to just continue to make temporary funding deals and put off the big, fundamental questions about restructuring government until after...
WASHINGTON, D.C.: With the threat of another government shutdown looming Friday, House Speaker Newt Gingrich put the ball back in the Administration's court with an offer to make a 'down payment' on a balanced budget, while leaving major disagreements until after November elections. In doing so, Gingrich accepted the deal proposed by President Clinton in his Tuesday State of the Union speech, where the President proposed putting off a long-range budget reduction plan while enacting changes on which the two sides already agree. Gingrich called Clinton this morning to close the deal. White House correspondent James Carney says...
...Secretary of State, however, expressed his disappointment over the recent Federal government shutdown...
...tied in any way to specific votes," freshman Rep. John Hostettler has defiantly told Newt Gingrich in a letter. The House Speaker had abruptly cancelled plans to attend a Hostettler fundraiser to punish the Indiana Republican, who had bucked Gingrich's emotional appeal to vote to end the federal shutdown two weeks ago. Gingrich later offered to reschedule the event, but Hostettler rebuffed him, saying, "I am today declining your unsolicited offer to attend a fundraiser in Southwestern Indiana to benefit my re-election." Not all is lost in this GOP family feud. Dick Armey, House Majority Leader, will atte