Yanks more optimistic about raising debt ceiling

[d000hg]

1. How long will $3trillion last?
2. I grew up thinking a filibuster was a sandwich. I still think it should be.

[thunderlizard]

There's a nicely informative 1-page article in the current New Yorker about this.

[minestrone]

THis could turn messy tomorrow on the markets.

[scooterscot]

Senate Blocks Reid’s Debt Ceiling Plan; Talks Continue

FAIL

http://www.nytimes.com/2011/08/01/us...L.html?_r=1&hp

WASHINGTON — Last-ditch budget talks between top Congressional Republicans and President Obama continued on Sunday, as the top Senate Republican and Democrat both expressed optimism that a $3 trillion deal could be reached to avert the economic and political calamity of a potential federal default. But without a compromise in hand, the divided Senate could not break a filibuster and went wearily into recess while the leaders resumed their search for something that could pass.

[suityou01]

The latter, if the announcement isn't just "moral pressure" on dissenters to toe the line.

Republicans should force the issue to a head, to curb Obama's megalomanic spending plans.

Repulibcans = Torys right?

If so is Obama their Gordon Brown?

[OwlHoot]

The latter, if the announcement isn't just "moral pressure" on dissenters to toe the line.

Republicans should force the issue to a head, to curb Obama's megalomanic spending plans.

[suityou01]

Linky

US political rivals are cautiously optimistic about the chances of raising the $14.3tn (£8.7tn) debt limit by Tuesday and averting possible default.

Republican Senate leader Mitch McConnell said the sides were "very close" to a $3tn deal after talks with Vice-President Joe Biden.

Senior Senate Democrat Richard Durbin spoke of "a more positive feeling".

Blatant brinkmanship or blatant bedwetting?