Looks like there is a deal.

[Swing low, sweet chariot. Comin' for to carry me home.]

A deal?!  shucks, just when the party was getting good.  looks like we need a new topic to continue abusing Obama on a daily basis

[exopolitician]

I wont be relieved until its put to a vote in Congress, and that still doesnt look promising.

[Landslide Lyndon]

So how did Phil get to be in the Capitol for this? Does he work for somebody, is he a prominent activist, or was he just lucky enough to get ringside seats for this drama? Whatever the case may be, I'm...actually a little jealous.

Let's just say Santorum was involved.

I hope Phil knows a good dry cleaner.

[BigSkyBob]

Boehner is denying it. I don't see how anything that can get through the Senate can get through the House. Too many nutters.

Yes, the Senate is full of Senators exhibiting clinical denial concerning the fact that deficits and debt cannot continue to grow exponentially without some day of reckoning.

Yes.  But is it really today?

As I wrote numerous times before, it ends one of two ways, we choose austerity at a debt level that is manageable, or we can ride it out to the bitter end, Then,  austerity will be chosen for us, and, we will have a  crushing debt burden. The former option is orders of magnitude better, but,  it requires politicians to make hard choices today.

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Oh, after the Greek's bailout [de facto default?] it was inevitable that every nation's book were seriously reviewed.

[Swing low, sweet chariot. Comin' for to carry me home.]

I heard an interesting thing from one of CNN's international correspondents today covering Asian markets, which haven't risen very much since the news of the deal broke.  A person he talked to at a large firm said they really didn't know about the debt ceiling until this whole mess was brought up and are now downgrading their opinion of investment in American bonds because of its mere existence and potential for deals to not be reached in the future.  Nice job, Teabaggers.

this analyst at a large firm never knew about the debt ceiling?!  just goes to show you how much analyst know

[King]

The only reason we care about the debt is because of a risk of default and austerity.  Default and austerity is not a solution to this problem.

I heard an interesting thing from one of CNN's international correspondents today covering Asian markets, which haven't risen very much since the news of the deal broke.  A person he talked to at a large firm said they really didn't know about the debt ceiling until this whole mess was brought up and are now downgrading their opinion of investment in American bonds because of its mere existence and potential for deals to not be reached in the future.  Nice job, Teabaggers.

this analyst at a large firm never knew about the debt ceiling?!  just goes to show you how much analyst know

I doubt internationals keep much track over something that has been routinely raised fifty times without question or much media coverage for that matter.  It would be like the State Department keeping track of parking meter laws in Munich.

[Keystone Phil]

So how did Phil get to be in the Capitol for this? Does he work for somebody, is he a prominent activist, or was he just lucky enough to get ringside seats for this drama? Whatever the case may be, I'm...actually a little jealous.

Oh, it was quite simple. As a human being that takes an interest in the activity of government, I simply went to the Capitol and got to see what happened.

(Anyone can enter the galleries and watch the activities of the House and Senate as long as they are in session. I'll take the other compliments though. )

[NVGonzalez]

I wont be relieved until its put to a vote in Congress, and that still doesnt look promising.

I agree there. If enough very liberal Dems and Teabaggers deflect well... it is done, especially if Pelosi doesn't fight it.

Who would have thought that such extremes would come together in such a way?

[Swing low, sweet chariot. Comin' for to carry me home.]

I heard an interesting thing from one of CNN's international correspondents today covering Asian markets, which haven't risen very much since the news of the deal broke.  A person he talked to at a large firm said they really didn't know about the debt ceiling until this whole mess was brought up and are now downgrading their opinion of investment in American bonds because of its mere existence and potential for deals to not be reached in the future.  Nice job, Teabaggers.

this analyst at a large firm never knew about the debt ceiling?!  just goes to show you how much analyst know

I doubt internationals keep much track over something that has been routinely raised fifty times without question or much media coverage for that matter.  It would be like the State Department keeping track of parking meter laws in Munich.

the debt limit has been an issue for a very long time, heck I can remember the issue back in the Reagan days

[King]

I heard an interesting thing from one of CNN's international correspondents today covering Asian markets, which haven't risen very much since the news of the deal broke.  A person he talked to at a large firm said they really didn't know about the debt ceiling until this whole mess was brought up and are now downgrading their opinion of investment in American bonds because of its mere existence and potential for deals to not be reached in the future.  Nice job, Teabaggers.

this analyst at a large firm never knew about the debt ceiling?!  just goes to show you how much analyst know

I doubt internationals keep much track over something that has been routinely raised fifty times without question or much media coverage for that matter.  It would be like the State Department keeping track of parking meter laws in Munich.

the debt limit has been an issue for a very long time, heck I can remember the issue back in the Reagan days

But its increase was never in doubt.

[Okay, maybe Mike Johnson is a competent parliamentarian.]

(Anyone can enter the galleries and watch the activities of the House and Senate as long as they are in session. I'll take the other compliments though. )

Oh, I thought that'd changed at some point in the past nine years and eleven months. Thank you for correcting my misapprehension; I have to get in on some of that next time I'm somewhere near Washington.

(No, this isn't sarcastic. Seriously, thank you very much.)

[Swing low, sweet chariot. Comin' for to carry me home.]

I heard an interesting thing from one of CNN's international correspondents today covering Asian markets, which haven't risen very much since the news of the deal broke.  A person he talked to at a large firm said they really didn't know about the debt ceiling until this whole mess was brought up and are now downgrading their opinion of investment in American bonds because of its mere existence and potential for deals to not be reached in the future.  Nice job, Teabaggers.

this analyst at a large firm never knew about the debt ceiling?!  just goes to show you how much analyst know

I doubt internationals keep much track over something that has been routinely raised fifty times without question or much media coverage for that matter.  It would be like the State Department keeping track of parking meter laws in Munich.

the debt limit has been an issue for a very long time, heck I can remember the issue back in the Reagan days

But its increase was never in doubt.

that has nothing to do with the point the analyst should have known about it

[True Federalist (진정한 연방 주의자)]

A deal?!  shucks, just when the party was getting good.  looks like we need a new topic to continue abusing Obama on a daily basis

Are you certain CARL isn't a sockpuppet of yours?

[Yelnoc]

A deal?!  shucks, just when the party was getting good.  looks like we need a new topic to continue abusing Obama on a daily basis

Are you certain CARL isn't a sockpuppet of yours?

IP check? 

[J. J.]

The market is not reacting well to this. 

[Snowstalker Mk. II]

Primary Obama.

[Grumpier Than Uncle Joe]

Primary Obama.

Oh I'm sure that conversation has taken place in smoke-filled rooms on Capitol Hill.

[BigSkyBob]

The market is not reacting well to this. 

Then again, the fact that the ISM tanked last month was announced this morning. Even if we have a debt ceiling increase deal that ends uncertainty in the short run, in the long run we still have Obama as the steward of our economy. Ouch!

[ilikeverin]

I'm really quite surprised, and pleased, at the trigger that's been implemented.  Hard to believe the Republicans would allow it, but, hey, good to see.

The market is not reacting well to this. 

That has to do with depressing economic numbers from Friday/today, not the deal.

[Grumpier Than Uncle Joe]

The market is not reacting well to this. 

That has to do with depressing economic numbers from Friday/today, not the deal.

Right, and I'm surprised J.J. doesn't know this.

[Marston]

Mike Lee said he's going to filibuster and Pelosi is still reportedly undecided.

[J. J.]

I'm really quite surprised, and pleased, at the trigger that's been implemented.  Hard to believe the Republicans would allow it, but, hey, good to see.

The market is not reacting well to this. 

That has to do with depressing economic numbers from Friday/today, not the deal.

Actually, it started out with a triple digit gain and the Nikkei was up.

The deal could have moderated that.  So far today, it doesn't seem to have helped too much.

[🐒Gods of Prosperity🔱🐲💸]

Well, too bad there is no taxes hike on the richer, but, at last, US government was forced to control its deficit.

No, it hasn't. The problem still exists. But I guess for those who want the government's entire budget to consist of paying out retirement checks, this is a first step.

[ilikeverin]

I'm really quite surprised, and pleased, at the trigger that's been implemented.  Hard to believe the Republicans would allow it, but, hey, good to see.

The market is not reacting well to this. 

That has to do with depressing economic numbers from Friday/today, not the deal.

Actually, it started out with a triple digit gain and the Nikkei was up.

The deal could have moderated that.  So far today, it doesn't seem to have helped too much.

Yes, it started with triple digit gains because of the deal, and then plunged because of the release of depressing economic numbers.

[The Vorlon]

looks like we need a new topic to continue abusing Obama on a daily basis

No need to worry- Obama, at least in this respect, is a gift that keeps on giving.