Alarm over Japan’s nuclear crisis prompted a slumping stock market to slump some more in a third day of selling.
The United States and Japan weren’t quite on the same page in terms of advice to the public. The State Department recommended that Americans living within 50 miles of the Fukushima nuclear plant evacuate or stay indoors, while Japan asked residents within 18 miles to do the same.
Republicans and Democrats are still not on the same page as far as spending cuts go, which means back to the drawing board with a three-week reprieve from the sixth stopgap spending bill expected to pass Congress by Friday. Talks will get an added kick when the latest temporary funding bill is passed, but in a divided Congress bipartisan deals become a fairly lofty goal.
“I understand the world we live in right now,” House Agriculture Committee Chairman Frank Lucas told us in an interview. “I’m going to attempt to work in a very bipartisan way” to slow down the implementation of Dodd-Frank, the Republican said about the financial reform measure named after two Democrats.
House Speaker John Boehner knows it won’t be easy, but he’s confident a bipartisan deal will be found to fund the government for the rest of this fiscal year — somehow, some way — congressional correspondent Thomas Ferraro blogs.