The Unconventional Way to Deal with the Shutdown
By Jim Woods
The headlines on Wall Street, Washington and throughout the country have been focused understandably on the government shutdown and the pending debt-ceiling deadline. After 10 days of political intransigence on the part of both Democrat and Republican leaders, Thursday brought a glimmer of hope about a deal to at least extend the debt-ceiling time limit. The markets certainly liked the conciliatory tone, as the Dow spiked 323 points, or more than 2%, on the news Thursday, and jumped 111 points, or .73%, on Friday.
To read the rest, click here.