Good morning! Here’s what you missed over the weekend:
The Lead Story: Well, the government is still shut down. So if you’re looking for a presidential pardon or something, forget about it. With no deal having been made yet by Congress, the US is running up against its ability to borrow money from other countries. If this doesn’t change by Thursday the US will default on its debt, which would mess things up globally.
Everything Else:
After Larry Summers took his name out of contention in September, President Obama nominated Janet Yellen to be chair of the Federal Reserve on Wednesday. If confirmed by the Senate Yellen would be the first woman to lead a central bank in the world.
“Gravity” and “Captain Phillips” took in $45M and $25M respectively at the box office this weekend, so maybe see one of those if your parents come this weekend?
Ted Cruz won a presidential straw poll on Saturday. Well I guess that settles it then, we know who the next president will be.
HTC released a new phone, the “One max.” It’s got a 5.9” screen, in case you need to watch an entire Netflix movie on your phone.
“Project Runway” actor host Tim Gunn has done a lot of things and the New York Times is on it.
The Long Read: That time George W. Bush and Dick Cheney got into a huge fight about a guy named Scooter.
The Weather: Highs mostly in the low 60s with rain on Wednesday and partly cloudy skies throughout the week.
Tim Gunn isn’t an actor. He serves as a host and mentor on the show.
*the first woman to lead a central bank
Whoops, fixed.
What about Christine Lagarde?
Lagarde was the French equivalent of Treasury Secretary.
She is head of the International Monetary Fund.
The IMF isn’t a central bank (it doesn’t have direct influence over any state currency), it’s an NGO.
Oh, got it – thanks!