Editorial Standards

Latest News Today maintains rigorous editorial standards. Our team verifies information from trusted sources and provides context to help readers understand complex stories.

Last Updated: Thursday, October 1, 2026 at 04:17 PM
Category: News

Editor's Note

Latest News Today provides comprehensive coverage and analysis of breaking news stories. This article is part of our ongoing coverage of big crisis small swamp flna1C9007367, bringing you verified information from trusted sources with added context and expert perspective.

Why This Matters: Understanding the full context of this story helps readers make informed decisions and stay updated on developments that impact our community.

Big crisis in a small swamp

Imagine for a moment that tonight President Obama steps up to the podium and says, "It's all going to be fine, folks.  We've averted disaster, we've averted an economic meltdown.  Speaker John Boehner and Republicans in the House have agreed to do what Congress has done more than 70 times since John F. Kennedy was president-- raise the debt ceiling.  And we're going to do it without killing Social Security and Medicare.  We're going to close tax loopholes and end tax breaks on corporate jets. "  

Even if that's what gets said tonight -- and don't bet on it -- it still wouldn't change the fact that the economy getting saved is still in horrific shape (see above).  Ending the Republican-made debt ceiling crisis just means getting back to the far more difficult task of bringing down the unemployment rate.

MSNBC will have full coverage of the President's speech at 9 PM ET followed by Speaker Boehner's response.