And good evening, everyone. Im erin burnett. Outfront tonight, the United States in crisis. The countdown is on. 11 days until the government shuts down. So what does it mean for america . Very serious consequences for the Financial Markets and for the economy. Apocalypse every three months. Bleeding over into the consumer sector. Its going to do great harm to the American People. Hundreds of thousands of federal workers will be sent home without pay. This is among the most fiscally reckless and Dangerous Things you could do. Democrat, republican, market expert, man in charge of the american economy. Washington is failing begin. And this time some republicans say they have a plan to keep funding the government. But only if they take funding for obamacare out of it. Now, as weve said before, that is a nonstarter. And whether you love or loathe obamacare, that is not the point. Its a guarantee of a shutdown. And while theres plenty of waste and abuse in washington, the truth is a shutdow
Its been making those since last september. In a statement, the federal open Market Committee said its waiting for evidence that progress will be sustained before adjusting the wais of its purchases. The stimulus has pumped cash into the mortgage and bond markets, keeping Mortgage Rates and borrowing costs low. That has fueled the red hot Housing Market and spurred stocks to a 20 gain over the past year. Many investors expect stocks to go higher. Good news for 401 k s but only half the country is invested in stocks. There are fewer people working but fewer people who are looking for work and so that meant that the Unemployment Rate came down but for the wrong reasons. Reporter companies are used to getting by with fewer workers since the recession. That and slow Economic Growth but ben bernanke and whoever succeeds him in a tough spot. Goldman sachs saying the next potential window for this tapering of the fed might be the december fed reserve meeting. Stay tuned. There is a meeting in
The gunman at the Washington Navy yard. Tonight investigators studying these words. They were etched on a gun used by aaron alexis. Abcs senior justice correspondent Pierre Thomas has the first take on what these riddles could mean. Reporter this is a remington 870 pump Action Shotgun like the one used in the Washington Navy yard massacre. A devastating close range weapon that sources tell us that left an horrific scene of carnage in its wake. Abcs has learned that aaron alexis carved the words better off this way and my elf weapon on the stock of the shotgun. Investigators are examining the meaning of the phrases including whether better off this way meant alexis knew he would die in his murderous rampage. As for elf, authorities are not sure what it means though some investigators wonder if it refers to the tech phrase extremely low frequency. Part of the curiosity about that phrase stems from the fact that alexis was a computer technician and was recently ranting to police about hea
Football field blowing up, sending flames almost 100 feet into the air. And, we have a winner lexington, south carolina, home to the latest 400 million powerball winner. Youre live in the cnn newsr m newsroom. If i had a Million Dollars if i had a Million Dollars ah, we can only dream. Good morning to you. Im carol costello. Thank you so much for being with me this morning. We begin on capitol hill. The clock is ticking and the risk of a Government Shutdown growing. With only enough money to keep the government running another 11 days, Republican Leaders say they will approve new funding only if obama care is defunded. The president is calling it extortion and even some republicans disagree on this highstakes political gamble. Our goal here is to cut spending and to protect the American People from obama care. Its as simple as that. We cant let the government shut down. We cant be kamikazes and we cant be general custer. There is backlash from americans who feel the bite of a shutdown.
Low. Welcome to around the world. Im suzanne malveaux. Im michael holmes. Thanks for your company today. Want to get you up to speed on several new developments. This is in the Navy Yard Massacre, of course. Military officials there are promising to look for answers, many, many questions still remain. Indeed. They have launched several military reviews, this two days after 12 people were killed at its historic facility in washington. The navy yard in washington does not surprisingly, remain a crime scene and off limits to all but essential personnel as investigators try to piece together what made military contractor aaron alexis go on a shooting spree. We are learning more about his mental state today, about a month ago, he told police he heard voices in his head. People talking through walls and floors and using microwaves to keep him awake. The defense secretary chuck hagel said he has now ordered a review of Defense Department procedures for granting and renewing security clearance