Shut Down: The first federal government shutdown in more than 15 years drew closer Tuesday as President Obama and congressional leaders failed to make progress on a budget for 2011 after back-to-back meetings at the White House and on Capitol Hill, the Washington Post reports.
Rebel PR: The Harbour Group, a small but well-connected Washington public relations firm, is helping Libya's most prominent rebel organization to raise its profile among journalists and politicians in the U.S. capital, according to Reuters.
Unheeded Warning: Warren Buffett warned Berkshire Hathaway's top employees last year against trading in shares of companies in which Berkshire might invest—the very issue that now is dogging the conglomerate, according to The Wall Street Journal.
Fannie Probe: As the housing market deteriorated in April 2007, Fannie Mae Chief Executive Officer Daniel Mudd reported to Congress that his firm’s exposure to subprime loans “remains minimal, less than 2.5 percent of our book.” Mudd’s statements are now being scrutinized as part of a Securities and Exchange Commission probe, according to Bloomberg.
Too Close to Call: A contest for the Wisconsin Supreme Court that some voters viewed as a referendum on the state’s Republican leaders and their cuts to collective bargaining remained locked in a virtual tie in the wee hours of Wednesday morning, The New York Times reports.