Senate leaders have taken control of efforts to avert a Treasury default and end the partial shutdown of the federal government.
The average home heating oil prices in Connecticut hover at the $3.60 per gallon mark.
Congress has failed to pass a budget for the last several years but some senate Democrats, including Connecticut’s Richard Blumenthal, sense a change in the air.
Grover is the ultimate in single interest constituencies in Washington. He is not accountable to anybody. He does not disclose who funds him, who pays him to do what he does or how much he is paid to blackmail GOP Members of Congress to sign his pledge not to raise taxes.
Investors hoping for relief from last week’s volatility in the stock market found it Monday.
Even a survey showing Americans are dismayed about the economy didn’t stop the gains on Wall Street today.
It’s understandable if people are getting dizzy watching the Dow, considering Wednesday’s shocking 519 point plunge. That was just the latest go round on the Dow’s recent wild ride as the index closed up 423 points on Thursday.
It was yet another rough day on Wall Street Wednesday, a day after the Dow Jones Industrial Average posted its biggest gain since early 2009.
The Dow picked up steam late in the trading day Tuesday and closed up nearly 430 points.
The U.S. stock market joined a sell-off around the world Monday in the first trading since Standard & Poor’s downgraded American debt.
On Wall Street, all three major indices dropped more than 2 percent Tuesday following news that consumers cut their spending in June.
Leaders of the House and Senate say votes could come as early as this evening on the deficit-cutting plan that’s expected to avert a government default on its debts.
Both the Republican and Democratic leaders of the Senate are throwing their weight behind a debt-limit agreement sealed with President Barack Obama and top leaders of Congress.
Executives from the country’s biggest banks met with U.S. Treasury officials Friday to discuss how debt auctions will be handled if Congress fails to raise the borrowing limit before Tuesday’s deadline.
The Treasury invited 20 of the largest banks to a meeting to discuss an upcoming quarterly auction of government debt.