Boeing to furlough employees if shutdown continues

Boeing to furlough employees if shutdown continues

Boeing (BA) plans to furlough a significant part of its workforce this week should the government shutdown persists. Workers in its defense, space, and security unit would be the latest Americans to directly feel the pain of the government shutdown. The cuts would come as a result of limited access to federal instillations, funding cuts, shortage of government inspectors, and stop-work orders from customers who are largely from the government. This unit accounted for about 40% of Boeing’s $82B in revenue in 2012.

Obama to meet with GOP

Obama to meet with GOP:

House Republicans are set to hold talks with president Obama today in an attempt to strike a deal on the federal debt ceiling and budget. Yesterday, the possibility of short term increase for the debt limit was floated in the hopes more time would lead to more productive talks and eventually a broader compromise. Any conversation between the two parties is progress, but these meetings will have to go very well for a resolution to be reached by next week's deadline.