Unless Congress raises the country's borrowing limit, the government will run out of cash to pay its bills no later than October 17, putting the country at imminent risk of default, the Treasury Department said.
The announcement of the deadline ramps up the pressure on lawmakers who are currently struggling to pass a short-term budget in the next six days to avoid a government shutdown. They are similarly at odds over the debt ceiling, but economists warn that breaching the debt limit would do much greater damage than a shutdown. read more
Visit NBCNews.com for breaking news, world news, and news about the economy
Senator Ted Cruz takes a brief hiatus from bashing Obamacare in his fake filibuster Tuesday night to read the children's book Green Eggs and Ham.
President Obama was all but mum on climate change when he spoke at the UN General Assembly on Tuesday. He mentioned "climate change" only once.
The Executive Director of Greenpeace International, Kumi Naidoo, the Executive Secretary of the UN Framework Convention on Climate Change, Christiana Figueres, and former Secretary of the Interior, Ken Salazar joined All In on Tuesday to talk about the United States' role in finding a global solution to climate change. read more
1. From the corner of the screen to the corner of our hearts. Yesterday, he was nothing more than Senator Ted Cruz's legal aide. Today? He's "corner guy."
2. One could say Miley Cyrus is inspirational…in that she inspires people to re-enact her music videos with adorable animals:
3. It is the number one concern of every New York voter: can a mayoral candidate put together a music video? Naturally, Jimmy McMillan of the "Rent is Too Damn High" party stepped up to the plate.
A former FBI bomb expert has pled guilty in the most recent leak prosecution brought forth by the Obama administration. Donald Sachtleben, who served in the FBI for 25 years before leaving to work as an independent contractor, has admitted to leaking classified information to the Associated Press regarding a failed AQAP (al Qaeda in the Arabian Peninsula) bomb plot. read more
For Mindy Kaufman, the threat of a government shutdown isn't about Democrats or Republicans. It's about her livelihood.
More than 2,500 miles west of Washington, Kaufman runs Spin and Margie's Desert Hideaway, a five-room bed-and-breakfast near Joshua Tree National Park. If Congress can't pass a budget before September 30, "we would lose reservations within days," she says—right at the beginning of the park's high season.
If the shutdown continues for weeks, she adds, "we would go out of business—absolutely." read more