October 7th – Top Morning Stories
- Boehner Hews to Hard Line in Demanding Concessions From Obama - NYT - By JACKIE CALMES and JEREMY W. PETERS
Speaker John A. Boehner stood his ground on Sunday alongside the most conservative Republicans in Congress, insisting that the House would not vote to finance and reopen the government or raise the nation’s borrowing limit without concessions from President Obama on the health care law.
- World Bank Cuts 2013 Growth Forecast for East Asia - WSJ – By GAURAV RAGHUVANSHI
The World Bank cut its 2013 growth forecast for developing East Asian economies to 7.1% because of slower growth in China and other nations in the region.
The bank in the spring had forecast 7.8% growth for the region. It forecast on Monday, in its regular East Asia and Pacific Economic Update, that China’s economy would grow 7.5% in 2013, down from an 8.3% growth projection in the spring.
- Greece mulls swapping bailout loans with 50-year bond issue: source - Reuters
Greece is looking into swapping a big chunk of its bailout loans with a 50-year government bond as a way to achieve debt relief once it attains a primary budget surplus this year, an official close to the discussions told Reuters on Saturday.