Originally published on Wed October 9, 2013 4:49 am
President Obama made his case for reopening the government and raising the debt ceiling at a White House news conference Tuesday afternoon. It was his first news conference in several weeks. House Speaker John Boehner spoke at the Capitol for about five minutes.
So many customers have been napping on the beds in Ikea's Chinese stores that employees have begun to change the sheets daily. One store in Hong Kong invited its customers to wear their pajamas and sleep over. About 80 of them did.
The Treasury Department says it will begin running out of money to pay its bills by Oct. 17, if the partial government shutdown isn't over by then. That prospect worries the financial markets. Treasury debt plays a fundamental role in the global economy, and economists agree that a debt default would have dire consequences. But some Republicans insist that a default doesn't have to happen.
The Obama administration has upheld a ban on the import and sale of some Samsung smartphones and tablets. The move represents a victory for Apple, which is embroiled in a longstanding patent dispute with Samsung. But the import ban is unlikely to affect Samsung's profits since the devices at the heart of the case are no longer big sellers.