Marketplace®

Daily business news and economic stories
Sep 30, 2013

Marketplace for Monday, September 30, 2013

President Obama said that he doesn’t believe a shutdown at midnight is a foregone conclusion, and lawmakers from both parties scrambled to work out a deal to avoid the first government shutdown since the 1990s. How much would a shutdown actually harm the economy? Also, the oil company Shell has sold its stake in a Texas fracking operation, partially because of a glut of natural gas on the market. Also, the New York City Opera also faces a budget deadline today – to raise $7 million dollars to avoid a shutdown.  It appears that the end is inevitable – but some are echoing a line from the company’s current opera about Anna Nicole Smith:   “not dead yet.”

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President Obama said that he doesn’t believe a shutdown at midnight is a foregone conclusion, and lawmakers from both parties scrambled to work out a deal to avoid the first government shutdown since the 1990s. How much would a shutdown actually harm the economy? Also, the oil company Shell has sold its stake in a Texas fracking operation, partially because of a glut of natural gas on the market. Also, the New York City Opera also faces a budget deadline today – to raise $7 million dollars to avoid a shutdown.  It appears that the end is inevitable – but some are echoing a line from the company’s current opera about Anna Nicole Smith:  
“not dead yet.”

Marketplace for Monday, September 30, 2013