Sunday Funday: 10/13/13 News
Five days before the debt ceiling is reached and the Government remains shuttered. The House has adjourned until Monday, spinning their WH discussions as they left. The Senate has the ball. They couldn't garner 60 votes to invoke cloture and pass a motion to extend the debt ceiling until the end of 2014 and reopen Government. Sen. Reid has rejected Sen. Collins bipartisan proposal, although the sides are still talking. It's time to move the obstructionists out of the way and find a path to a deal. The debate has shifted from the Affordable Care Act to spending cuts and those who closed the Government look to save face. With a Federal Holiday Monday, we'll have to wait and see how the markets react if there is no deal by Tuesday. Hint: After the shut down the markets were down most of the first seven trading sessions. When word leaked that the sides were talking and a deal might be had, key indices were up 2% on Thursday and close t o 1% on Friday. For Wojo...