JP Morgan Chase CEO Jamie Dimon and nearly a dozen other Wall Street bankers met with President Obama on Wednesday to discuss possible solutions to the government shutdown. If Congress fails to come to a deal on how to fund the federal government, the US Treasury will exceed its borrowing limit which translates into the government not being able to pay its obligations. Bart Naylor, a financial policy advocate for Public Citizen, gives us his take on Wall Street's role in the government shutdown.
Late Wednesday evening, President Obama hosted a meeting with congressional leaders in order to put an end to the government shutdown. The gathering went nowhere and the US government will remain shut down. Nearly 1 million government employees have felt the consequences of the political spat and are unsure when they would be able to return to work. US Representative Carolyn Maloney (D-NY) has more on the stalemate from Capitol Hill.