No time left—default looming

The emergency meeting of congressional leaders that Pres. Obama called at the White House this morning ended after less than an hour. No word on what, if anything, was agreed upon. I assume the President told them to come up with something by tomorrow. There has to be some agreement, some deal, before Monday morning. That’s when the stock market opens, and it’s expected to be very jittery if we are still hurtling toward default.

Video via the editors at Talking Points Memo

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Filed under economy, Politics, Random

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