PODCAST: Looming government shutdown

Catheryn Carroll, of Washington DC, berates members of the House Republican caucus while they hold a press conference on the steps of the U.S. Senate September 29, 2013 in Washington, DC. The House of Representatives passed a continuing resolution with language to defund U.S. President Barack Obama's national health care plan Saturday, but Senate Majority Leader Harry Reid has indicated the U.S. Senate will not consider the legislation as passed by the House. 

Lawmakers are running out of options to avoid a possible government shutdown, but a once obscure tax could now play an important role in negotiations.

The office established as the temporary oversight agency for Iraq reconstruction will cease operations.

If Congress doesn't strike a budget deal by Monday night, what have been deemed 'non-essential' parts of the federal government will close down. Turns out, this includes the statisticians who are calculating what is arguably the most market-sensitive government report of the week:  Friday's scheduled employment and unemployment report.

About the author

David Brancaccio is the host of Marketplace Morning Report. Follow David on Twitter @DavidBrancaccio

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