The Republican National Committee had said it would not work with CNN or NBC on campaign debates if they went ahead with the films. And the filmmaker who was working with CNN says he's pulled the plug because Democrats wouldn't cooperate with him. NBC says a Clinton mini-series didn't fit its plans.
Congress failed to agree on a spending deal overnight, which means the government shutdown is now reality. Approximately 800,000 federal workers will not be working and many government offices are closed.
Marketplace's David Gura is covering the story from Washington and says its uncertain how long the shutdown will last.
"We're right up against that debt ceiling. Treasury Secretary Jack Lew has said the U.S. wont be able to pay its bills as of October 17th unless Congress acts."
The shutdown requires 'non-essential' government employees to stop working.
"Almost all of NASA's employees are furloughed and the same thing is true of the EPA. We'll see the courts stay open and the U.S. Postal Service -- they're going to stay up and running as well," says Gura.
The shutdown is bound to rattle investors who are worried the resolution of the debt ceiling may be more complicated than once thought. The last government shutdown in 1995 and 1996 went on for more than 20 days and cost taxpayers almost $1.5 billion dollars. And the cost to the American people will be greater the longer the shutdown lasts.
Marketplace's David Gura joins Marketplace Morning Report host Mark Garrison to discuss. Click on the audio player above to hear more.
Disruptions in government services will slow growth, at least in the short term. But economists say they can't refine their predictions because they have no idea how long the shutdown might last or how many federal workers may be furloughed.
John Boehner finds himself in a position he had hoped to avoid all year. With no deal on the budget, questions about whether he can effectively lead the House will only grow louder.