Nikkei opens initially lower after second major earthquake hits. Also on the radar: Portugal's $130 billion bailout? Madoff cloud over the Mets.
House Republicans passed a continuing resolution that would delay a government shutdown for a week. But there's a lot to dislike in the bill for Senate Democrats and President Obama.
As the government shutdown deadline approaches, President Obama has remained calm and on-message.
The House voted Thursday to bar the EPA from regulating carbon emissions and other greenhouse gases. The Senate on Wednesday rejected a similar proposal. Still, the fight is far from over.
Sarah Ramadan, of Kuwait, poses for a photo under the Statue of Liberty in New York, on April 6. As talks to avoid a government showdown continue in Washington, the White House sought to put the prospect of a shutdown in terms people would care about, warning even that the beloved National Cherry Blossom Festival Parade in the nation's capital would be wiped out. The Smithsonian Institution and national parks around the country, as well as the Statue of Liberty, would also be closed.
Portugal OKs bailout, yielding to investor pressure. Also, retailers sales, Cisco's strategy, and the Masters tee off – and Callaway's woes – will be on investors' radar screens.
US military operations from Afghanistan to Japan will continue even if there is a government shutdown, Pentagon officials say. What they don't know is whether troops will get paychecks.
Democrats say they're close to a compromise deal to avoid a government shutdown that includes $73 billion in cuts. Republicans say the plan cuts only $33 billion, and it's not enough.
Democrats and Republicans are facing a government shutdown deadline of April 8. Although Republicans were penalized in public opinion during a 1995 government shutdown, this time it's less clear how a blame game would play out.
The tea party movement is not yet on the same page over whether House Speaker John Boehner and majority leader Eric Cantor should be targeted in 2012 for not pushing harder on budget cuts.