Skip to main content

Economics Daily Digest by the Roosevelt Institute banner

By Rachel Goldfarb, originally published on Next New Deal

Click here to receive the Daily Digest via email.

The ‘Non-Essential’ Parts of Government That Shut Down Are Actually Quite Essential (WaPo)

Roosevelt Institute Fellow Mike Konzcal breaks down some of the services government usually provides, the absences of which can cause the country real harm. It's not all museums and panda cams: it's trade, research, and critical pieces of the social safety net.

Shutdown Prompts Rare Government Mix: Imagination and Laughter (ProPublica)

Kim Barker reports on one side effect of the shutdown: conferences that scheduled non-essential federal employees as presenters. One analyst for Health and Human Services went so far as to record a presentation before going on furlough, to fill in for himself.

Other Ways to Get Your Jobs Data (NYT)

Thanks to the shutdown, there was no official jobs report on the first Friday of October. Catherine Rampell lists some of the alternative measures, which are usually overshaded by the Department of Labor but are all we have right now.

The Most Often Repeated Fact About US Debt is Wrong (Quartz)

Matt Phillips points out that depending on what definition of a default you use, the U.S. has defaulted on its debt up to three times in the past. But non of those situations look anything like the debt ceiling question today, which would be a "voluntary" default.

Boehner Says He Doesn't Want to Default, But That's 'The Path We're On' (NY Mag)

While Friday's Daily Digest linked to a New York Times piece indicating that Boehner would not allow a default, now Margaret Hartmann reports that the Speaker is saying otherwise. He's apparently no longer willing to step around his own party.

Here's The Uncomfortable Answer To Whether Treasury Can 'Prioritize' Payments In The Event Of A Debt Ceiling Breach (Business Insider)

Joe Weisenthal explains that the Treasury is unsure if it's even possible to priotiize interest payments in order to avoid a default - and even if it is possible, the legality is questionable too.

At a Nissan Plant in Mississippi, a Battle to Shape the U.A.W.’s Future (NYT)

Steven Greenhouse reports on the U.A.W.'s continued attempts to organize Southern auto plants. The union is taking an international strategy, having union members worldwide pressure Nissan and drawing support from Brazil to South Africa to Japan.


Originally posted to Daily Kos Economics on Mon Oct 07, 2013 at 05:23 AM PDT.

Also republished by Daily Kos.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site