October 4th – Top Morning Stories

1/ US


- GOP aides: Boehner tells colleagues he will avoid a default on federal debt - Washington Post - By Lori Montgomery and Ed O’Keefe


In meetings with small groups of rank-and-file lawmakers, House Speaker John A. Boehner (R-Ohio) has emphasized that he will not permit the country to default for the first time on its debt. Given that a bloc of hard-line conservatives is unlikely to vote to increase the limit under any circumstances, Boehner has told fellow Republicans that they must craft an agreement that can attract significant Democratic support.


2/ China


- Rise of China’s consumers drives tourist frenzy - FT – By Simon Rabinovitch in Shanghai and Lucy Hornby in Beijing


With China’s highways snarled by traffic, thousands of tourists stranded at one of the country’s beloved national parks and millions more crushing into its most popular attractions, there is little question that the Chinese nation is once again on holiday.
Early government estimates are that this National Day holiday week, which began on Tuesday, will be a record for the country in terms of domestic visitor numbers and tourism revenue, with both up about 20 per cent compared with the same period 12 months earlier.


3/ Eurozone


- Insee: France Economy To Grow By 0.2% In 2013 - MNI - By Jack Duffy


rance will post slightly stronger growth this year than the government is forecasting as the recovery is set to resume in the fourth quarter after briefly stalling in the third, the national statistics institute Insee said Thursday.
In its quarterly economic outlook, Insee said growth for 2013 would amount to 0.2%, a bit better than the government’s official forecast of 0.1%, and significantly better than the International Monetary Fund’s recent forecast for a 0.2% decline.