KQED Nightly Business Report October 4, 2013
October 3rd. Good evening everyone im sue herrera filling in for tyler mathisen. Im susie gharib. Forget the government shut down. Today it was about the looming debt crisis. Words coming from the u. S. Treasury today saying a default on the nations debt could be quote catastrophic. A scenario the treasury says will be worse than the recession were emerging from and pushed the markets sharply lower by the open. By midday there was slight relief after john boehner would not allow the u. S. To default. Boehner spokesperson says the speaker maintains the u. S. Will not default. That brought stock...