Daily Digest - October 1: Welcome to the Shutdown

Oct 1, 2013Rachel Goldfarb

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Shutdown: The Last-Minute Tactics That Failed (MSNBC)

Suzy Khimm and Benjy Sarlin discuss how Congress failed to move their negotiations forward last night. Boehner has finally proposed a conference, something that Senate Democrats have called for almost as often as the House votes to repeal Obamacare.

The U.S. Government Has Shut Down: Does That Mean the Tea Party Won? (Quartz)

Tim Fernholz suggests that there is a win for the right here: the clean continuing resolution that is being discussed would maintain spending at current austerity levels, obscuring arguments on whether the budget should include more stimulus spending.

48 Ways a Government Shutdown Will Screw You Over (MoJo)

Tim Murphy's list includes everyone from furloughed Federal staffers and people on food assistance to ponies and trees. This comprehensive list shows just how much the federal government does that most Americans aren't paying attention to until a shutdown.

Here is Every Previous Government Shutdown, Why They Happened and How They Ended (WaPo)

Dylan Matthews lays out the history of government shutdowns since modern congressional budgeting began. Highlights include the 1977 "Abortion Shutdown III: Dark of the Moon," the 1982 "Let Them Eat Shutdown," and the 1987 "I Think You're a Contra."

How a Debt-Ceiling Crisis Could Become a Financial Crisis (NYT)

Annie Lowrey says that if the U.S. government goes into default, it could cause another financial crisis. The Treasury would be causing the crisis this time, so all the failsafe tools it developed with the Fed might not work properly.

Fixing Exorbitant CEO Pay: All is Not Lost (Fortune)

Eleanor Bloxham argues that today there is a better chance to change CEO compensation practices then there has been in a decade. Dodd-Frank provisions on CEO pay are starting to take effect, and other proposals would make even greater changes.

New on Next New Deal

President Obama's Best Move is to Force a Government Shutdown

Yesterday, Roosevelt Institute Senior Fellow Bo Cutter proposed that forcing a shutdown would be the most politically expedient option for the President. Today, we get to see if his predictions regarding how the shutdown will play out come true.

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