Were okay because the doctors were prescribing them to me. If the doctors are giving it to me, im going to take it. Woodruff those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. And by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill our lead story tonight bedlam erupted in the heart of washington, with a chaotic car chase and shooting that ended before stunned tourists, lawmakers and congressional staffers. There were unconfirmed reports that the lone suspect was killed. A Police Officer was injured. The violent conclusion w
Matter to the market when washington is such a huge concern . And hitten debt storm, there is a developing crisis larger than detroit, this time puerto rico and if you think it doesnt affect you, look at your mutual fund. You may puerto rico funds and not know it. We have that and more on nightly Business Report for tuesday, october 8th. Good evening everyone and welcome. The war of words heated up and stocks and bonds cooled off again today with todays losses driven by the freezeup in washington over the debt limit and Government Shutdown, the dow shed all of septembers gains. Its down a staggering 900 points from the alltime closing high hit just three weeks ago. Thats nearly 6 and today was the worst day in six weeks for the s p 500 and nasdaq. That market fell 2 and volatility spiked to its highest level since june because there is seemingly no movement and no discussion between president obama and House Speaker boehner over the reopening of the government and averting a federal de
We were able to get out at that time because the incident had just occurred and then we went outside to try and find out what was going on. We know now this started at the white house and this chase went up constitution avenue about a mile away, ended up at the capitol before the gunfire erupted or at least thats the gunfire that killed this woman. Do you have any sense of what the timeline was other than that . Because by the time it got to you, this was well under way. Not much except that we know it all happened very quickly. This was a highspeed chase so the latency between leaving the white house and arriving here on the Capitol Grounds with the chase, im speculating a bit, gwen, but it could not have been very long. When you watch the video as i know you have its a high speed chase, about two miles down pennsylvania avenue, a little bit less from 15th and pennsylvania at the white house to the Capitol Grounds a few feet from where im standing. So on the order of minutes. Ifill mo
Are out lays. After october 17th, the payments come quickly for the United States government. On october 23rd, the u. S. Owes 12 billion in Social Security benefits. On october 31st, the pressurery must pay 6 billion but november 1st could be the highest hurdle of all, on that day the u. S. Must pay 67 million on a variety of expenditures. Retiree and veterans payments and sup mental security income. That is the date to watch if youre worried about the u. S. Missing a payment. It doesnt get easier after that. On november 13th, treasury must pay 12 million in Social Security benefits and on november 15th it must pay on quarterly interest. Bottom line, its impossible to say when the United States would miss the first payment but every day after the 17th, its going to get tougher and tougher to pay the bills. For nightly Business Report, im amemon javers in washington two household names reporting sales and profits for the just completed Third Quarter. Alcoa easily beat earnings forecast
No deal. Talks between the white house and House Republicans have gone nowhere. Now, the Government Shutdown has moved from the house to the senate. Senators will meet in a matter of hours. Hopes are that a bipartisan effort will break the budget impasse before default. John terrick joins us now from capitol hill. All right. John reporter good morning. Good morning to you. Republicans ain the senate blocked a bill yesterday to increase the debt ceiling. So walk us through what could happen on the Senate Floor Today reporter the house isnt in today as they were last sunday or the sunday before the shutdown began. Only the senate. They are coming in at 1 00 oclock. We think its going to be behindcloseddoor meetings. Yesterday, the republicans in the house capitulated saying the president is not dealing with them anymore. He thinks he can get what he wants by dealing with republicans in the senate and he wish their colleagues would stand firm and not give up on their principles. So when i