World leaders and power players gathered in January in Switzerland for this year's World Economic Forum. Here's a look back at some key moments for the U.S. economy in 2013 before the gathering.
The U.S. economic crisis —
World leaders and power players gathered in January in Switzerland for this year's World Economic Forum. Here's a look back at some key moments for the U.S. economy in 2013 before the gathering.
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The U.S. government shut down October 1 after lawmakers in the House and the Senate could not agree on a spending bill to fund the government. The shutdown lasted 16 days.
Government shutdown —
The U.S. government shut down October 1 after lawmakers in the House and the Senate could not agree on a spending bill to fund the government. The shutdown lasted 16 days.
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An estimated one in three Detroit residents live in poverty, making it the poorest city in America. Detroit is home to major U.S. automakers General Motors, Ford and Chrysler, but was forced to file for bankruptcy court protection on July 18.
Detroit bankruptcy —
An estimated one in three Detroit residents live in poverty, making it the poorest city in America. Detroit is home to major U.S. automakers General Motors, Ford and Chrysler, but was forced to file for bankruptcy court protection on July 18.
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In November, JPMorgan agreed to a $13 billion settlement over mortgage-backed securities sold ahead of the financial crisis. The Justice Department called the agreement "the largest settlement with a single entity in American history."
JPMorgan hefty fine —
In November, JPMorgan agreed to a $13 billion settlement over mortgage-backed securities sold ahead of the financial crisis. The Justice Department called the agreement "the largest settlement with a single entity in American history."
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A trader on the floor of the New York Stock Exchange works with the Twitter logo behind him. In November, Twitter priced its initial public offering at $26, higher than its previous range. The price soared almost 73% once it started trading.
Twitter goes public —
A trader on the floor of the New York Stock Exchange works with the Twitter logo behind him. In November, Twitter priced its initial public offering at $26, higher than its previous range. The price soared almost 73% once it started trading.
Andrew Burton/Getty Images
The start of open enrollment for health insurance marketplaces under Obamacare did not run smoothly in October. U.S. President Barack Obama's healthcare signup Web page was supposed to handle tens of thousands of people at once. But in a trial run days before its launch, just a few hundred users flatlined the site.
Obamacare rollout —
The start of open enrollment for health insurance marketplaces under Obamacare did not run smoothly in October. U.S. President Barack Obama's healthcare signup Web page was supposed to handle tens of thousands of people at once. But in a trial run days before its launch, just a few hundred users flatlined the site.
Joe Raedle/Getty Images
For stocks, 2013 was a record-breaking year, with many of the world's biggest markets reaching all-time highs.
Market highs —
For stocks, 2013 was a record-breaking year, with many of the world's biggest markets reaching all-time highs.
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Janet Yellen was tapped to be the new Federal Reserve chief, the first woman to head the Fed. The native New Yorker took office in February 2014.
Janet Yellen as Fed chief —
Janet Yellen was tapped to be the new Federal Reserve chief, the first woman to head the Fed. The native New Yorker took office in February 2014.
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