China—America’s biggest creditor—says the paralysis in Washington proves the free market has failed. Turkey’s Prime Minister gloats because US government workers aren’t being paid. Countries that depend on the US for protection wonder if it will be there when they need it. We’ll look at the message the shutdown and the debt-ceiling crisis are sending to the rest of the world. Also, Janet Yellen assumes the head of the Federal Reserve, and why the Higgs boson is the subject of the Nobel Prize.Banner image: Rep. Keith Ellison
The Shutdown, the Debt Limit and America’s Role in the World
From this Episode:
Yellen’s Path to Head of Fed
President Obama has decided that Janet Yellen should replace Ben Bernanke as head of the Federal Reserve. She’s the current vice chair and, if she’s confirmed by the Senate,...
7 min, 44 sec
Political Dysfunction in Washington Hurting the Economy and American Credibility
With government offices closed, the Pentagon says it won’t pay death benefits to the families of combat casualties. Billionaire investment guru Warren Buffett compares...
36 min, 44 sec