Morning Business Headlines: Let the shutdown begin
Tuesday, October 01, 2013 10:57 AM
No compromise: parks close, services stop as shutdown begins
Bloomberg: The U.S. government began its first partial shutdown in 17 years, idling as many as 800,000 federal employees, closing national parks and halting some services after Congress failed to break a partisan deadlock by a midnight deadline. Congressional leaders have scheduled no further negotiations on spending legislation. Chances of a last-minute deal evaporated shortly before midnight as the House stood firm on its call to delay major parts of President Barack Obama's health-care law for a year. Senate Democrats were equally firm in refusing to concede.
Obamacare to launch despite shutdown
Reuters: Millions of Americans could learn today what President Barack Obama's landmark healthcare law actually means for them, as the administration opens new insurance marketplaces in 50 states despite a government shutdown. The launch marks a milestone for Obama's signature domestic policy achievement, which aims to provide subsidized healthcare to millions of the uninsured, the most ambitious U.S. social program since Medicare was introduced in the 1960s.
Saylorville Lake will shut down without government funding
KCCI News: A federal government shutdown means Saylorville Lake shuts down, too. The lake, the campgrounds, even the road over the dam will all shut down as soon as this this morning. Campers will have to leave. Lake manager Jeff Rose says it's the first time Saylorville has faced a total shutdown. A special plan is in place to clear Saylorville this morning and lock it up. "It's a huge headache, we've got to go around and close all of our facilities," Rose said. More than a million people visit Saylorville every year. In October alone, the numbers hit 75,000. An Iowa National Guard spokesman said Monday that a government shutdown also will idle more than 1,000 full-time National Guard employees and halt weekend training missions for thousands of soldiers if it continues into October.
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