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Marketplace for Tuesday, October 8, 2013
Oct 8, 2013

Marketplace for Tuesday, October 8, 2013

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The Treasury Department has said Congress needs to extend the nation’s borrowing authority by Oct. 17 or risk default. But private observers say that date might be more like Oct. 22, or maybe even Nov. 1. Plus, a survey out today finds many business travelers opt for McDonald's and Starbucks (they account for 8 percent of all food expenses). It's not because of corporate budget constraints. Fast food joints attract busy, solo business travelers looking for a reliable wi-fi connection. Congress and the media are on full-on freak-out as we head towards default. To the outsider, it looks increasingly likely that we’ll fail to pay the interest we owe on our Treasury bonds. And yet, if you look at the bond market you'd have no idea anything was going on.

Segments From this episode

Bond market couldn't care less about shutdown

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Oct 8, 2013
As we head towards the debt ceiling deadline, stocks are looking wobbly, and Congress wobblier still. But the debt market looks weirdly zen.

A train approaches a cliff. But what day will it go over?

Oct 8, 2013
On a day of dueling press conferences over the federal shutdown, private observers say the date we may exhaust our borrowing authority may be later than expected.

Insurers look for workarounds to the Affordable Care Act

Oct 8, 2013
The health care exchanges are still a technical mess, and some insurers are beefing up their own sites to help people get started.

We check our phones over 100 times a day

Oct 8, 2013
In a 12-hour day, that's about once every six and a half minutes.

The new $100 bill makes its debut

Oct 8, 2013
Then it starts a journey that will likely take it overseas or underground into a big pile of cash that nobody can find.

On an expense account? Try a Big Mac!

Oct 8, 2013
Data from business travelers finds McDonald's and Starbucks account for 8 percent of all food expenses.

Hog farmers hope shutdown ends before pigs fly

Oct 8, 2013
A look at how a hog farmer in Illinois is being affected by the gridlock in Washington.

A novel of Silicon Valley and other madness

Oct 8, 2013
A former Silicon Valley exec lives to tell the tale (in novel form).

Janet Yellen: Obama's pick for Fed chief

Oct 8, 2013
There are reports that President Obama will nominate Janet Yellen as the next chair of the Federal Reserve on Wednesday.

The Treasury Department has said Congress needs to extend the nation’s borrowing authority by Oct. 17 or risk default. But private observers say that date might be more like Oct. 22, or maybe even Nov. 1. Plus, a survey out today finds many business travelers opt for McDonald’s and Starbucks (they account for 8 percent of all food expenses). It’s not because of corporate budget constraints. Fast food joints attract busy, solo business travelers looking for a reliable wi-fi connection. Congress and the media are on full-on freak-out as we head towards default. To the outsider, it looks increasingly likely that we’ll fail to pay the interest we owe on our Treasury bonds. And yet, if you look at the bond market you’d have no idea anything was going on.

Music from the episode