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UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!

 
recollector

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10/16/2013 07:24 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
In about 7 hours we will know if the House will have a vote or not.

It will most likely have a vote, but we don't know how WH will react.
recollector
recollector

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
To clarify, the debt ceiling is when the U.S. Treasury will no longer have the authority to borrow money by issuing bonds. However, it will still have around $30 billion in cash to continue financing its obligation.
 Quoting: Luisport


$30 billion? How many days or weeks will a $30 billion buy, before the SHTF?
 Quoting: Anonymous Coward 48437807


About 8 days.

Starting Oct.25th, the Treasury cannot pay all obligations.Starting Nov.1, most obligations cannot be paid.

Last Edited by recollector on 10/16/2013 07:26 AM
recollector
Limpan

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10/16/2013 07:29 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
In about 7 hours we will know if the House will have a vote or not.

It will most likely have a vote, but we don't know how WH will react.
 Quoting: recollector


The senate will send a bill to the congress, not the congress to the senate...


hf
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10/16/2013 07:29 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Business Insider ‏@businessinsider 1 min
A deal to raise the debt ceiling and reopen the government is 'back on track' and 'very close' [link to read.bi]

 Quoting: Luisport


Limpan

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10/16/2013 07:33 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Even if Congress reaches a last-minute or deadline-busting deal to avert a federal default and fully reopen the government, elected officials are likely to return to their grinding brand of brinkmanship — perhaps repeatedly.

House-Senate talks are barely touching the underlying causes of debt-and-spending stalemates that pushed the country close to economic crises in 2011, last December and again this month.

Late Tuesday, the GOP-controlled House dropped efforts to craft a bill to raise the debt limit and fully open the government. House members will wait for the Democratic-controlled Senate to act, which could push a final resolution past Thursday. That's when administration officials say federal borrowing powers will be tapped out.

Still, many in Congress expect a resolution, even if it's a few days late. At best, however, lawmakers and the White House will agree to fund the government and raise the debt limit for only a few months. They also will call for yet another bipartisan effort to address the federal de


[link to www.wlfi.com]
recollector

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10/16/2013 07:47 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
In about 7 hours we will know if the House will have a vote or not.

It will most likely have a vote, but we don't know how WH will react.
 Quoting: recollector


The senate will send a bill to the congress, not the congress to the senate...


hf
 Quoting: Limpan


And that is WHY they will vote...They can also have their OWN bill.

Last Edited by recollector on 10/16/2013 07:48 AM
recollector
mimi

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10/16/2013 07:47 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
ETA?
 Quoting: Face Palmer


Even if we miss the October 17 debt ceiling, it won't be the end of the world.

Many economists have repeatedly warned that any default would come at the end of the month at the earliest.

To clarify, the debt ceiling is when the U.S. Treasury will no longer have the authority to borrow money by issuing bonds. However, it will still have around $30 billion in cash to continue financing its obligation. It's only after that cash runs out that we have to start worrying.

This understanding may explain why the markets continue to be so calm.


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



You should have listened the yesterday press conference at WH.
 Quoting: recollector


Why? What did I miss?
recollector

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10/16/2013 07:49 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
ETA?
 Quoting: Face Palmer


Even if we miss the October 17 debt ceiling, it won't be the end of the world.

Many economists have repeatedly warned that any default would come at the end of the month at the earliest.

To clarify, the debt ceiling is when the U.S. Treasury will no longer have the authority to borrow money by issuing bonds. However, it will still have around $30 billion in cash to continue financing its obligation. It's only after that cash runs out that we have to start worrying.

This understanding may explain why the markets continue to be so calm.


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



You should have listened the yesterday press conference at WH.
 Quoting: recollector


Why? What did I miss?
 Quoting: mimi



About 1 and a half hour of doom, the smallest one being the unknown, even if the debt ceiling is increased (the bond holders reaction is unknown), to plain Armageddon if the debt ceiling is voted after Oct.16th or not voted at all for like 3-4 weeks.

Last Edited by recollector on 10/16/2013 07:50 AM
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10/16/2013 07:54 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Thanks!
Luisport (OP)

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10/16/2013 08:00 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Gregor Peter ‏@L0gg0l 1 h
But Buffett is honest. You shouldn't believe the sell side investment banks here saying "11th hour deal". They are probably already short



Gregor Peter ‏@L0gg0l 1 h
Probably arranged via WH that Buffett is now pushing POTUS agenda on CNBC to pressure GOP


Gregor Peter ‏@L0gg0l 1 h
Warren Buffett makes the Syria connection: Not rising the debt ceiling is like chemical weapons attack (in political terms)


Gregor Peter ‏@L0gg0l 1 h
Buffett making negative comments on U.S debt ceiling situation -- CNBC interview
Luisport (OP)

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10/16/2013 08:01 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Business Insider ‏@businessinsider 21 min
The Treasury Bill market doesn't like how close we're playing this [link to read.bi]
Luisport (OP)

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10/16/2013 08:01 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Business Insider ‏@businessinsider 1 h
Warren Buffett warns the debt ceiling has become a 'political weapon of mass destruction' like 'poisoned gas' [link to read.bi]


Business Insider ‏@businessinsider 1 h
Warren Buffett surprised the most powerful women in the world last night with a song [link to read.bi]


Business Insider ‏@businessinsider 1 h
All signs suggest the debt ceiling madness will happen again even if a deal is reached [link to read.bi]


Business Insider ‏@businessinsider 1 h
WARREN BUFFETT: The Debt Ceiling Is A Weapon That Shouldn't Be Used Against The American People [link to read.bi]
Luisport (OP)

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10/16/2013 08:02 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Russian Market ‏@russian_market 28 min
CHINA'S CREDIT RATING AGENCY DAGONG THREATENS TO DOWNGRADE USA
Luisport (OP)

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
POLITICO ‏@politico 8 min
ICYMI: GOP committee staff post “Top Ten Reasons The Government Shutdown Isn’t All Bad.” [link to politi.co]
Luisport (OP)

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10/16/2013 08:04 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
POLITICO ‏@politico 1 min
RT @TalKopan: Carl Bernstein continues his campaign against GOP leaders, calls them "cancerous," "cowardly": [link to DON'T_USE-THIS]
Luisport (OP)

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10/16/2013 08:09 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Rebecca Sinderbrand ‏@sinderbrand 14 min
icymi: At this point, you may be wondering if the White House has a Plan B. Wonder no more: [link to politi.co]
Orvontonian

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10/16/2013 08:09 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
"It's gotten beyond silly: with less than a day to go until the first X-Date, beyond which if Jack Lew is correct (he isn't) all hell will break loose if the US doesn't have a debt deal in place, stocks couldn't care less, Bills continue to sell off, carry traders only care how big the central banks' balance sheets are, all news are generally shunned and yet stocks have soared 600 DJIA points on Harry Reid's relentless optimism a deal will get done, even though so far none has. Today, as we observed on Monday, we expect more of the same: stocks and futures will ignore the reality that the midnight hour will come and go with no deal in place, but will continue to explode higher as Harry Reid's latest set of "optimism" headlines hits the tape in low volume trading."

[link to www.zerohedge.com]
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Gregor Samsa

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10/16/2013 08:22 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
a possible scenario might be

Long story short, I have a good source that believes, through both meetings he attended on Friday and from market moves that are currently occurring, that the big banks will begin crashing the stock market next week to put pressure on Congress to Raise the Debt Ceiling without any effect on Obamacare...

If you're in, get out or go short!!!
 Quoting: Saddletramp


Thread: If You're In The Stock Market...GET OUT NOW!!! (Grande Finale Sourced Update)
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Luisport (OP)

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10/16/2013 08:22 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Mark Knoller ‏@markknoller 4 min
Day 16 of the federal shutdown and last day before risk of US Treasury default. Only possibility of fix is a bipartisan Senate bill.
Anonymous Coward
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10/16/2013 08:23 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Well NO ONE in the past 6 years has CUT THEIR SPENDING...

and Harry REID want to add another 1 Trillion Dollars...


You guys... we can NOT KEEP RAISING THE DEBT...

someone who is the ADULT IN THE ROOM... MUST CUT UP THE CRETED CARDS!
Anonymous Coward
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10/16/2013 08:24 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Dow jones up half percent already. Looks like no doom.
Luisport (OP)

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10/16/2013 08:25 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!

Mark Knoller ‏@markknoller 40 s
Although plenty of reason to come in early, Senate convenes at noon, House in at 10am.


Mark Knoller ‏@markknoller 1 min
Senate looking to Leaders Reid and McConnell to finish work on bill to end the shutdown and raise the Debt Limit for several months.
recollector

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10/16/2013 08:35 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Mark Knoller ‏@markknoller 4 min
Day 16 of the federal shutdown and last day before risk of US Treasury default. Only possibility of fix is a bipartisan Senate bill.

 Quoting: Luisport


Like the one yesterday.


The one yesterday was also a bipartisan one.



Since I love the American people, I hope that the U.S. defaults asap.Default on 17 trillions today or on 20 trillions later, or 30 trillions, because the default is inevitable.

Last Edited by recollector on 10/16/2013 08:37 AM
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10/16/2013 08:47 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
ETA?
 Quoting: Face Palmer


Even if we miss the October 17 debt ceiling, it won't be the end of the world.

Many economists have repeatedly warned that any default would come at the end of the month at the earliest.

To clarify, the debt ceiling is when the U.S. Treasury will no longer have the authority to borrow money by issuing bonds. However, it will still have around $30 billion in cash to continue financing its obligation. It's only after that cash runs out that we have to start worrying.

This understanding may explain why the markets continue to be so calm.


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


30 billion , that's like two days isn't it. We spend like madmen
“One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.” – Carl Sagan
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Rebecca Sinderbrand ‏@sinderbrand 14 min
icymi: At this point, you may be wondering if the White House has a Plan B. Wonder no more: [link to politi.co]

 Quoting: Luisport


"...Obama has no Plan B"

[link to www.politico.com]
In Memory of Tyrone Woods and Glen Doherty: American Heroes, Abandoned and Betrayed.
Luisport (OP)

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10/16/2013 08:52 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Business Insider ‏@businessinsider 13 min
US Futures Are Ramping Up [link to read.bi]
Luisport (OP)

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10/16/2013 08:54 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!

Mark Knoller ‏@markknoller 3 min
Hard to imagine we wouldn't hear from Pres Obama today whether or not Congress acts to end shutdown & raise Debt Limit.



Mark Knoller ‏@markknoller 17 min
At the WH today: Pres Obama has lunch with the VP; and meetings with Treasury Secy Lew and SecState Kerry. No coverage on any.
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Jamie McGeever ‏@ReutersJamie 18 min
1-month US bill rate jumps as high as 50 bps, Oct 31 rate up to 66 bps as the Oct 17 debt ceiling "deadline" is only hours away.
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10/16/2013 09:02 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
ETA?
 Quoting: Face Palmer


Even if we miss the October 17 debt ceiling, it won't be the end of the world.

Many economists have repeatedly warned that any default would come at the end of the month at the earliest.

To clarify, the debt ceiling is when the U.S. Treasury will no longer have the authority to borrow money by issuing bonds. However, it will still have around $30 billion in cash to continue financing its obligation. It's only after that cash runs out that we have to start worrying.

This understanding may explain why the markets continue to be so calm.


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


30 billion , that's like two days isn't it. We spend like madmen
 Quoting: shadasonic


I just read in german news that it's not a single day!
60 billion a day!
Anonymous Coward
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10/16/2013 09:06 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
ETA?
 Quoting: Face Palmer


Even if we miss the October 17 debt ceiling, it won't be the end of the world.

Many economists have repeatedly warned that any default would come at the end of the month at the earliest.

To clarify, the debt ceiling is when the U.S. Treasury will no longer have the authority to borrow money by issuing bonds. However, it will still have around $30 billion in cash to continue financing its obligation. It's only after that cash runs out that we have to start worrying.

This understanding may explain why the markets continue to be so calm.


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


30 billion , that's like two days isn't it. We spend like madmen
 Quoting: shadasonic


I just read in german news that it's not a single day!
60 billion a day!
 Quoting: Ger_reG



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