Rick Perry: My Wife Didn’t Mean to Say Abortions Were a ‘Right’

Oct 2, 2013, 9:23 am EDT

Texas Gov. Rick Perry is telling supporters and the media that his wife made a mistake when she told a Texas newspaper that abortion was “a woman’s right.”

“From time to time we’ll stick the wrong word in the wrong place, and you pounce upon it,” Bloomberg News quotes Perry telling reporters at a campaign event for U.S. Senate candidate Steve Lonegan.

Perry does not support abortion rights. Read 

4 Lesser-Known Effects of the Government Shutdown

Oct 1, 2013, 4:55 pm EDT
4 Lesser-Known Effects of the Government Shutdown

As you probably know, today marked the start of a new fiscal year for the good ol’ U.S. of A — one that’s getting underway without an agreed-upon budget in place, resulting in a government shutdown.

And you’ll probably feel it one way or another.

See, the federal government is the nation’s largest employer. That means that lots of folks had to read furlough letters this morning … and others connected to those government agencies are feeling the impact of that reality, too. Read 

Obamacare Launch Marred by Error Messages

Oct 1, 2013, 11:39 am EDT

On Tuesday, many consumers looking to choose among health insurance options on new state and federally-run exchanges had difficulty getting access to the websites as technical problems hampered the launch.

The exchanges are a major part of President Barack Obama’s Affordable Care Act — known as Obamacare — allowing consumers to explore a variety new subsidized health plans. However, one exchange — which handles health insurance coverage for residents of 36 states — promptly started posting error messages for users in 24 of those states soon after it began operating this morning, Reuters noted.

High online traffic was blamed for problem and technicians were said to be working to resolve the issue. Read 

Morgan Stanley: What to Expect Next From the Government Shutdown

Oct 1, 2013, 9:32 am EDT

Morgan Stanley has issued a note about the U.S. government shutdown — and here are some quick takeaways from the analysis.

From Morgan Stanley’s chief U.S. economist Vincent Reinhart (via Business Insider):

    A 15 basis point drag on fourth-quarter real GDP growth, at an annual rate, for every week of shutdown as furloughed workers do not put in usual hours. Most data releases delayed, including the employment situation for September that was scheduled for release on Friday. The quality of some official data to degrade as the shutdown lengthens because workers will not be in the field to collect the raw information. Treasury payments to be processed, including principal and interest, as its fiscal agent, the Federal Reserve, remains open for business.

Reinhard estimates the shutdown to last no more than a week. Read 

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