Breaking- US Senate negotiators 'very close' to announcing a deal on debt: Report

From Zerohedge.

www.zerohedge.com...

Boehner Admits Defeat

“The House has fought with everything it has to convince the president of the United States to engage in bipartisan negotiations aimed at addressing our country's debt and providing fairness for the American people under ObamaCare. That fight will continue.

But blocking the bipartisan agreement reached today by the members of the Senate will not be a tactic for us.

In addition to the risk of default, doing so would open the door for the Democratic majority in Washington to raise taxes again on the American people and undo the spending caps in the 2011 Budget Control Act without replacing them with better spending cuts.

With our nation's economy still struggling under years of the president's policies, raising taxes is not a viable option.

Our drive to stop the train wreck that is the president's health care law will continue.

We will rely on aggressive oversight that highlights the law's massive flaws and smart, targeted strikes that split the legislative coalition the president has relied upon to force his health care law on the American people.”

reply to post by khimbar


bonehead does not represent the party at all! thats his personal letter, it doesnt say they have the votes otherwise it would be blasted all over the news

Markets closed about now right? I'm having hard time keeping up with UMTC XD

reply to post by OtherSideOfTheCoin


An hour late now.

What we agree on (most).

1. We are all pretty sure the debt ceiling will be extended on a temp basis.
2. This only means nothing changes. So what is the incentive to give a little for either side a week,
month, or 2 months from now?
3. No incentive - in same place in January/February. Just keep pushing back and forth
until the ref blows the whistle again to "finish up" in January?
4. Keep adding unprecidented debt while people too stubborn to negotiate on anything remain as
the parents (wise ones) of this Country.
5. Americans keep having faith even though it happens over and over and over. Like an
unconditional love one has for an abusive parent. Even when resenting it does not end it.

Where I haven't seen many go is with where it ends up from there. Will there even be a United States by the time a new presidential election rolls around?

reply to post by Senduko

Markets closed about now right? I'm having hard time keeping up with UMTC XD

yeah Dow Jones is up over 200 points

Double post...

so...

lets have a song!

bonehead is just trying to find a way to brake the news to the media without looking like a chump.

They dont have the votes yet, i know it!

ok really....

its pushing half four and still nothing

Some are wetting their panzies lol.

OtherSideOfTheCoin
ok really....

its pushing half four and still nothing

Im telling you, they dont have the votes

Is the House going to vote or not?!!

I see all these tweets rephrasing several statements. The house will allow a vote, the house will not block, the speaker admits defeat, etc.

So Senate decided on something all else is moot?

So doom still on?

Market to the moon, TPTB sell off their stocks, announce no deal, market crashes.

Pocket easy millions.

I'm with Khimbar... Are we still on Doom watch??? I see google feeds saying they have a deal yet.... Nothing....

This is like watching a bad movie on repeat....

yahoo said the house will vote on the bill at 11pm washington time.

The House still isn't in Session i assume they wont have the votes.
Its 4:29 now.

reply to post by camaro68ss


I'm fairly sure that puts us past the breach which I do recall reading means that, even if it passes, and it probably will, it could still create some issues.

camaro68ss

OtherSideOfTheCoin
ok really....

its pushing half four and still nothing

Im telling you, they dont have the votes

starting to worry you might be right

they know they dont have the votes so they are stalling for time until the markets close

camaro68ss
yahoo said the house will vote on the bill at 11pm washington time.

Oh what a coincidence, just like's last year showdown vote before hitting the 12 Am mark. Before the vote would they even read before the vote or not?

So when do the last markets close?

reply to post by Senduko


Well the markets are always open somewhere but the Dow Jones is closed now i think