10 things you need to know today: October 7, 2013

Boehner rules out raising the debt limit without concessions from Obama, IndyCar crash injures driver and spectators, and more

IndyCar
(Image credit: (AP Photo/Juan DeLeon))

1. Fears of disaster grow as the shutdown drags on

Financial markets sank around the world early Monday as the U.S. government shutdown entered its second week, raising worries that the impasse in Washington could lead the federal government to default on some of its debt as early as October 17. On Sunday, House Speaker John Boehner said Republicans would not pass a straightforward bill to raise the debt ceiling without concessions from President Obama on his health-care law. [Associated Press]

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.