NEW YORK (AP) -- The stock market took an immediate nosedive this morning with the federal government apparently on a course for a partial shutdown at midnight. The Dow plunged 150 points at the open and remains more than 100 points down on the day, while the broader indexes are also down sharply.
WASHINGTON (AP) -- There's little evidence to suggest the Democratic-controlled U.S. Senate and Republican-led House of Representatives will be able to overcome their budget differences in time to avert a partial government shutdown. The Senate has the next move after the House passed a bill yesterday that delays key provisions of the health insurance law by a year and repeals a new tax on medical devices that partially funds it. Health insurance exchanges established under the law are set to open tomorrow regardless.
UNDATED (AP) -- The budget standoff in Washington is putting downward pressure on the price of oil. Benchmark crude has dropped below $102 a barrel in overseas trading today. After climbing above $110 in August, oil prices have been on the decline for the past three weeks as diplomatic efforts surrounding Syria and Iran ease concerns about Middle East supplies.
NEW ORLEANS (AP) -- How much oil spewed into the Gulf of Mexico from the 2010 blowout of BP's deep-water well is in dispute as the federal trial over the spill resumes in New Orleans today. The government and BP have different estimates, and the outcome will help determine the penalties the oil company must pay.
STOCKHOLM (AP) -- Homeowners may be able to run down to IKEA one day soon to pick up supplies to power their homes. The Swedish furniture company began selling residential solar panels at its stores in Britain today. It's the first step in IKEA's plan to bring renewable energy to the mainstream market worldwide. The standard system costs about $9,200, including installation, maintenance and energy monitoring service.
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