October 2013 Headlines

World's First Digital Currency ATM Opens in Canada

The world's first bitcoin ATM opened Tuesday at a coffee shop in Canada. It's the first of five ATMs bought by Canadian company Bitcoiniacs.

Cameron Wants London to Be Islamic Financial Capital

Britain will unveil a new Islamic Market Index on the London Stock Exchange Tuesday.

US Hiring Slows in September to just 148,000 Jobs

The U.S. economy added just 148,000 jobs in September, suggesting that employers held back on hiring before a 16-day partial government shutdown began Oct. 1.

US Drops to No. 17 in Economic Freedom

The United States has dropped over the past decade dramatically in terms of economic freedom, a recent report reveals.

IMF: US Budget Standoff Endangering World Economy

World finance leaders are pressuring the United States to resolve the budget stalemate.

Hard Times See More in Debt, Delayed Retirement

While Washington is trying to figure out how to get a handle on its massive deficits, the rest of America is still going heavily into debt.

Social Security Increase Lowest in Decades

Millions of Social Security recipients are expecting historically small increases in their benefits for the second year in a row.

Obama Names Janet Yellen for New Fed Chief

Yellen, the current vice chair of the central bank, will succeed outgoing Fed Chairman Ben Bernanke, whose term term ends Jan. 31.

US Default Could Have 'Terrible' Global Consequences

The head of the International Monetary Fund warns the consequences of a US default could be terrible worldwide. It could strip the dollar of its status as the world's reserve currency.

Treasury to Congress: We're Running Out of Money

Treasury Secretary Jacob Lew told Congress that unless lawmakers act in time, he will run out of money to pay the nation's bills by Oct. 17.

Gov't Shuts Down, Stock Market Drops

The stock market dropped over the past several days amidst the uncertainty of a government shutdown.