Congress has passed a stopgap measure, but will lawmakers agree on detailed spending bills for the entire fiscal year? The US Congress has passed a stopgap funding bill, averting for now a looming government shutdown that would have disrupted many services, squeezed federal employees and roiled politics. The House of Representatives voted 335-91 late on […]

Investors no doubt should be relieved. Alarm bells had been ringing on Wall Street for weeks, and JPMorgan Chase was already hard at work preparing for a potential default by the world’s largest economy. But the reprieve is only temporary. Once the Senate’s stopgap measure is approved by the House of Representatives, the Treasury will […]

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