federal shutdown

7:37am

Wed October 23, 2013
Politics and Government

Report shows DC dysfunction may decrease Wall Street profits

A report by the state’s comptroller finds that the dysfunction in Washington may take a bite out of Wall Street profits for the remainder of this year.

The analysis by New York state Comptroller Tom DiNapoli finds the recent gridlock in Congress, higher interest rates, and the JP Morgan $13 billion settlement over bad mortgages is contributing to lower earnings and profits for New York’s financial industry.

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9:34pm

Tue October 1, 2013
Politics and Government

"Disgusted" over shutdown, Maffei says he's working with both sides

Rep. Dan Maffei, D-Syracuse, says he's dissapointed and shares in the fustration over the federal shutdown.
Ryan Delaney WRVO file photo

Rep. Dan Maffei told constituents Tuesday evening he shares in their frustration over the federal government's shutdown, saying there will be serious consequences if it drags on.

The Democrat from Syracuse even agreed with one caller's claim that Congress' inability to act was "disgusting."

Maffei voted with House Republicans late Monday night for a spending plan that would have, if the Senate had approved it, delayed the individual mandate portion of Obamacare for a year. While trying to strike a bipartisan note, Maffei laid more blame on the G.O.P. than his own party.

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