I called it today. AND I WAS RIGHT!!!! Debt crisis IS OVER. YOU SHOULD HAVE TRUSTED ME

I predict that the US will default by October 18 2013.

REFILE-FOREX-Dollar rises versus yen on bets of a U.S. debt deal




LONDON, Oct 16 (Routers) - The dollar rose against the yen
on Wednesday after U.S. lawmakers gave renewed assurances a deal
to avert a U.S. default was in reach at the end of a chaotic day
in Washington.
Officials said an agreement to lift the government's $16.7
trillion borrowing limit was near late on Tuesday after two
separate legislative efforts in the House were buried by
Republican rebellions, fraying market nerves.
The assurances helped keep the dollar near a two-week high
against the yen and a four-week high against a basket of
currencies.
"Markets have been relatively benign in the light of what is
happening with the U.S.," said Thu Lan Nguyen, currency
strategist at Commerzbank. "If markets were expecting the worst
case of a default I think the dollar would be trading at an
entirely different level."

They are def going to play it heavily in the media. The markets will go up and then fall back down around 2ish (eastern time) because there will be no deal.

The markets will open in the red tomorrow.

There's a 60% chance (IMO of course) there will be some sorry deal made to prolong the inevitable and all will be well and the sheeple will go back to "life as usual"

I hope they let it crash and burn.

Just hours away and we will se who is right!!!!





Me in the blue corner calling the bluff



or GLP doom hopes in the red corner

Frantic US political attempts to avert a federal debt default have pivoted back to the Senate after plans in the House of Representatives collapsed.

Upper chamber leaders resumed work overnight on a deal to raise the US borrowing limit and end a partial government shutdown.

Amid the congressional disarray, a top ratings agency warned of a possible downgrade in US creditworthiness.

The US must raise its $16.7tn (£10.5tn) debt limit by Thursday or risk default.

Politicians, bankers and economists have warned of global economic consequences unless an agreement can be reached.

The Democratic-controlled Senate took control on Tuesday night, working on a bipartisan deal that aides said would extend the federal borrowing limit until 7 February and fund the government to mid-January.

[link to www.bbc.co.uk]

Sign and delivered

Juan Williams told viewers Tuesday on "Special Report with Bret Baier" that the abrupt cancellation of a House vote on a new proposed budget plan - a plan that was announced by House GOP members earlier Tuesday -- signals a "war within the Republican ranks."

Conservative groups like Heritage for Action and Freedomworks made an effort to torpedo the plan as soon as it was unveiled, urging House GOP lawmakers to vote "no" on the bill because, the groups said, it didn't do enough to curb ObamacCare. Without enough likely votes to pass, House Speaker John Boehner canceled the planned vote at the last minute.

"The idea that you have these outside groups putting pressure on Boehner, again, is evidence - John Boehner, as attractive a man and an interesting man as he is, is not really in charge here," said Williams, a Fox News contributor. "He can't get his troops in line as the Speaker."

[link to www.foxnews.com]

Sen. Susan Collins said Wednesday she is still hopeful that a group of 14 senators will strike a bipartisan deal to raise the debt limit and reopen the government this week, although it is unclear if the Republican-led House will follow suit.
Ms. Collins, Maine Republican, said the group is putting the last touches on a deal to extend the nation’s borrowing authority through February, fund the government to mid-January and tweak the health care law by shoring up an income-verification system and delaying the medical device tax for two years, while paying for lost revenue from the repeal.


Read more: [link to www.washingtontimes.com]
Follow us: @washtimes on Twitter

NEW YORK — Wall Street has so far mostly shrugged off the latest Washington political crisis, assuming an 11th hour deal will materialize to raise the debt limit and stave off a potentially ruinous default.
But if the final act, which starts Wednesday, does not quickly produce the expected ending, the markets’ vengeance could be swift and severe


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

The House is a big question mark. Speaker John Boehner has as yet given no public indication of whether – and how soon – he would bring legislation passed by the Senate up for a vote. He could face a backlash from the hard-right faction if he does so. That would not necessarily stop the legislation from passing but it could endanger his speakership. He goes into a meeting with his caucus at 9am.

[link to www.theguardian.com]

Rep. Peter King (R-N.Y.) says he hopes the House “will get some adult supervision from the Senate” to achieve a debt ceiling deal.
His comments on CNN’s “AC360” with Andersoon Cooper Tuesday night came on the heels of news that the scheduled nighttime vote on the House deal offered in the morning wouldn’t happen.
Lawmakers and aides on Capitol Hill confirmed to reporters House Republicans could not ratchet up enough support. Now, a plan to reopen the government and raise the debt ceiling is back in the Senate’s hands.


Read more: [link to thehill.com]
Follow us: @thehill on Twitter | TheHill on Facebook

tomoroow is will dig up this thread and laugh at you OP

no deal is going to be reached,its obvious

"I believe that John Boehner will likely be in a position, where he will have to essentially pass the bill that is negotiated between Sens. (Mitch) McConnell and (Harry) Reid," said Republican Rep. Charlie Dent of Pennsylvania.

But another Republican, Rep. Steve King of Iowa, says GOP lawmakers intend to stand tough to save the country from what they consider to be out-of-control spending. And that midnight deadline to raise the nation's self-imposed borrowing limit? Not that big of a deal, he told CNN's "New Day."

"I don't actually believe it's a hard break tomorrow," King said. "It's a date they picked on the calendar."



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

Three women senators who helped craft a deal being pushed by Senate leaders to resolve the nation's debt crisis said House lawmakers need to rise above politics to quickly pass a deal that will allow the federal government to open its doors and pay its bills.

“This should not be about someone’s speakership. This should not be about the next election. This should be about the future of our country, where we are right now. We are shutdown as a government. We are facing a debt crisis,” Sen. Lisa Murkowski of Alaska told TODAY’s Savannah Guthrie

[link to www.today.com]

Either way, however, Republicans now face the reality that they will not get any major concessions from Democrats in exchange for raising the debt limit and re-opening the government. It will be an ignominious end to a saga that has ravished the party in public opinion polls and has raised doubt in financial markets that the two political parties are capable of resolving their differences.

Neither the Senate plan nor the House's short-lived proposal defunded or postponed President Obama's health care law, which was the center of tea party Republican demands for re-opening the government.

[link to abcnews.go.com]

House Republican leadership is considering voting first on an emerging Senate proposal to open government and lift the debt ceiling, a move that would expedite bipartisan legislation developed by Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell.
If the House passes the bill first and sends it to the upper chamber, it would eliminate some burdensome procedural hurdles in the Senate and require just one procedural roll call with a 60-vote threshold needed to advance the bill toward final passage in the Senate.


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

I WAS RIGHT

I KNEW IT

I KNEW IT

US Senate: Negotiations 'very close' to announcing deal on debt ceiling


Dow Jones 16000 before the end of the day

Gloat when it happens.

US Senate: Negotiations 'very close' to announcing deal on debt ceiling


Dow Jones 16000 before the end of the day

Damn...I want my DOOM!