In The News This Week: Congress More Popular Than LuluLemon?

We partner up with Makin' Sense Babe today to give y’all the highlights in financial news this week... So you don't have to dig through the crap yourself ;) Top (financial) stories in the news this week:

• The House and Senate Budget Committees struck a deal earlier this week that would last until September, 2015. The deal passed in the House and now goes on to a vote in the Senate next week. If they hadn’t reached a deal, the US government was on the path to another government shutdown.

• Chip Wilson, the Chairman of the Board and founder of LuLulemon, stepped down. He made some comments about fat people in a Bloomberg interview. He didn’t say fat people, but he indirectly was hinting at that. He will still be a member of the board.

What this means...

• The whole budget fight is over discretionary spending, which is 30% of the federal budget. I talk about what that is in the video and the deal that they reached. Spoiler alert, not sure why we’re talking about this.

• The jury was out on whether or not Wilson's comment hurt LuLulemon's sales and stock. Well, the people have spoken, and they’re not happy. Quarterly earnings just came out and the stock is down and out in Beverly Hills (by 20% since June), and so is he.

For more news, check out MakinSenseBabe.com - the money site for non-finance people (because finance people are annoying).