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Planet Money
8:44 am
Wed October 16, 2013

When Will The Government Run Out Of Money?

Quoctrung Bui

Originally published on Wed October 16, 2013 12:19 pm

In the course of any given month, the government collects billions of dollars in taxes, spends billions more, and borrows money to cover the difference between what it collects and what it spends.

If Congress doesn't raise the debt ceiling soon, the government won't be able to borrow money to cover the difference anymore and won't be able to pay all of its bills.

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Parallels
8:15 am
Wed October 16, 2013

What's News In The Rest Of The World

A newsstand in Paris.
Fred Dufour AFP/Getty Images

The issue of migration into Europe has been in the news lately, and now there's a controversy in France after police seized a teenage girl who was on a school field trip and expelled her along with her family to their native Kosovo.

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The Two-Way
7:50 am
Wed October 16, 2013

Arrest Made In Dry Ice Bomb Case At LA Airport

Originally published on Wed October 16, 2013 12:03 pm

Police have arrested a baggage handler in connection with a series of dry ice bombs, two of which exploded harmlessly at the Los Angeles International Airport in recent days.

Dicarlo Bennett, 28, an employee for the ground handling company Servisair, was booked on Tuesday for "possession of a destructive device near an aircraft," The Associated Press reports. He is being held on $1 million bail.

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The Two-Way
7:35 am
Wed October 16, 2013

As It Happened: The Fight Over The Debt Ceiling, Shutdown

Senate Minority Leader Sen. Mitch McConnell, R-Ky., walks to the Senate floor after agreeing to the framework of a deal to avoid default and reopen the government, on Capitol Hill on Wednesday.
Carolyn Kaster AP

Originally published on Wed October 16, 2013 10:23 pm

Update at 10:18 p.m.: House Approves Bill:

The crisis is over. With about two hours before the country reached the debt ceiling, the House has approved the bill and it is now it's way to the White House. We've posted separately on that development and we are putting this live blog to bed.

Our Original Post Continues:

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Around the Nation
7:25 am
Wed October 16, 2013

Boston Police Officer Adds His Name To American Lexicon

Maybe you've seen Steve Horgan, the cop on duty as the Red Sox played the Tigers in the league championship series. Boston's David Ortiz hit a home run. Video caught Officer Horgan, arms in the air, celebrating even as Detroit's Torii Hunter flipped over the wall in a vain effort to catch the ball and tumbled near the officer's feet. In Boston, that triumphant pose is now called Horganing.

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