<<DOW DOWN -184>>>

The Boehner plan is delayed, the Reid plan is waiting on the Boehner plan, and the White House isn't sure it has a plan.

Welcome to Wednesday's debt ceiling live-blog.

Click here or refresh the page for the latest.


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5:04pm | A spokesman for the Treasury Department confirms that in the coming days the government will release its plans for what bills to pay if the debt limit isn't raise. Read more here.

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4:31pm | POLITICO's Jon Allen is reporting former Senate Majority Leader Trent Lott says that, based on congressional procedure, a deal can't be done to raise the debt limit until Weds. or Thurs. next week.

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4:15pm | The Congressional Black Caucus is a "no" vote on the REID plan, according to a spokeswoman. Rep. Emanuel Cleaver was heard saying the CBC is a no vote on any bill that does not raise the debt limit in a "clean" vote in a radio interview earlier today — that is they will vote against any bill including spending cuts.

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4:14pm | GOP freshman appear to be sold on the Boehner plan, after a meeting with the Speaker, Dave Weigel reports.


Read more: [link to www.businessinsider.com]

meh... wake me up when they have to suspend trading and call a bank holiday. THEN you can say doom is on the way.

dont worry

these fuckers will pass this bullshit debt ceiling...
they have no choice----

either way the dollar is screwed--- just a matter of time

When the first real domino falls... this shit is going to come unraveled so quickly that people will still have their mouths hanging open a year after. Assuming they are still alive that is.

Keep propping it. Go ahead... just more fuel for the fire in the end.

Didn't it drop to 700 in 2008 and they got the big bail out because of it. Sounds to me that they might let it drop to get another bail out.

it's a casino dats all......observe, play, or ignore

ps: the economy is forecasted 6 months out by equities.....jus sayim