Janet Hook and Kristina Peterson
Wall Street Journal
September 30, 2013
After three years of ducking crises with last-minute deals, Congress finally ran out of ways to patch over its differences. Unable to meet a midnight Monday deadline for funding the government, lawmakers allowed it to shut down.
The White House ordered federal agencies to suspend a vast array of activities shortly before midnight, after a day of frantic legislative volleying left Senate Democrats and House Republicans at an impasse over government spending and the 2010 federal health-care law. The next steps to resolve the stalemate remained unclear.
Markets that have slipped recently face a test on Tuesday morning of how they will view the developments, given that a larger deadline for Congress—over the need to raise the nation’s borrowing limit—is less than a month away.