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Without question, the government shutdown and the debt ceiling impasse have led to economic hardship in every corner of the country.
The European sovereign debt crisis, the federal debt ceiling impasse and concerns about the pace of economic recovery are taking their toll on markets.
Chancellor George Osborne joined senior policymakers from around the world in urging the US to resolve the debt ceiling impasse, warning of the "extremely serious" consequences of a breach.
"The Treasury market is trading higher this morning as yet another day goes by without a viable plan for resolving the debt ceiling impasse," said Mr. Giddis in an early commentary, referring to prices.
Bond investors demanded sharply higher interest rates on short-term government debt during the debt ceiling impasse, with some big investors saying they expect a premium in the future to compensate for the risk of new default threats.
"California had to obtain this interim financing to protect the state from the immediate, drastic consequences of a failure by Washington to resolve the debt ceiling impasse by the Aug. 2 deadline," Mr. Lockyer said.
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That plan was first used at the suggestion of Senator McConnell in 2011 to solve the last debt-ceiling impasse.
Back in Washington, members of both parties continued to wage battle over both the shutdown and the debt-ceiling impasse.
Both consumers and executives are easily frightened by the latest economic problem, be it rising gas prices or the debt-ceiling impasse.
This was the president's second bus tour — he tooled through Minnesota, Iowa and Illinois in August — and it was different in several ways that illustrate how much has changed for him since the grueling debt-ceiling impasse of the summer.
For all this, Jefferson remains the originator of the anti-statist movement, with its aversion to debt and taxes, that is dominating the debt-ceiling impasse and has been a defining and recurrent strain of American politics.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com