Quotations of the day

AP News
Posted: Oct 15, 2013 3:02 AM

"We've made tremendous progress. Perhaps (Tuesday) will be a bright day." — Senate Majority Leader Harry Reid on a possible breakthrough to end the two-week partial government shutdown and raise the federal debt limit.


"Doomsday is nigh, and everyone shrugs." — Nicholas Colas, chief market strategist at ConvergEx Group, as economists seem to believe Washington will find a way to avert a default.


"Both would probably say: 'Don't spend a whole lot of time listening to your stockbroker.'" — Allen Sanderson, a University of Chicago lecturer in economics, on Eugene Fama and Robert Shiller, two of the three Americans who won the Nobel prize in economics.