If Congress doesn't raise the debt ceiling, the U.S. Treasury will be unable to pay creditors and the U.S. will be in default. Some argue Treasury could continue making "priority payments" designed to protect the nation's credit rating. Others say that could undermine the confidence in the U.S. to meet its obligations.
When Darrin Moret was asked to participate in a business venture that promised him easy money, it seemed like a good deal. But he didn't know was it was a pyramid scheme until it was too late. Host Michel Martin speaks with Moret, and consumer affairs columnist Sheryl Harris of The Plain Dealer in Cleveland.
Leaders of Asia-Pacific countries are wrapping up an economic summit in Indonesia. Much of the talk in the region over the weekend focused on the event's big no show: President Obama. Because of the partial government shutdown in the U.S., the president decided to stay at home and monitor developments.
Millions of U.S. factory jobs have been lost in the past decade. Now, in North Carolina, high school students are being encouraged to think about taking manufacturing jobs. But this isn't the furniture-making or textile labor of generations past — it's a new kind of highly technical work in aviation.
JPMorgan Chase could be facing the largest bank fine in U.S. history, an $11 billion settlement related to allegations of mortgage abuse during the housing crisis. Heidi Moore, U.S. finance and economics editor at the Guardian, explains what led to the negotiation between federal bank regulators and one of the world's largest financial institutions.