Tick Tock


As debt deadline nears, no sign of a deal.

Essential reading: David Rogers on the state of play.

The main action remains in a three-ring circus: Reid-McConnell talks, the House Republican votes on various cap/cut/balance schemes, and the Obama-Boehner talks. The president has signaled movement on accepting a short-term fix, and on entitlement cuts. So far, what was true last week seems to remain true today: NOTHING can get a majority in the House. It still might take a mini-market crisis to focus the DC minds.
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