Markets Tumble as Government Shutdown Fuels Economic Worries; Healthcare Strike Looms as Congress Plunges into Chaos
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Stocks and bonds have tumbled worldwide, with the 30-year Treasury bill hitting a 16-year high, as investors worry about the economy and government shutdown.
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Kevin McCarthy was removed as House speaker, plunging Congress into chaos and uncertainty over who will lead the House.
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Ten drug companies have agreed to negotiate prices with Medicare, potentially saving taxpayers $100 billion, even as some sue to stop it.
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More than 75,000 Kaiser Permanente employees threaten to strike, which would be the biggest healthcare strike in years.
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The Supreme Court seems skeptical of payday lenders' argument that the CFPB's funding is unconstitutional, a positive sign for the agency.