Whatever financial market crisis Boehner and Obama may have been worried about over the weekend has not materialized. At this writing the Dow is down 34, the S&P 500 is down 2, and the NASDAQ is flat.
Meanwhile, back in DC Boehner prepares to call Obama's bluff by sending a new bill to the Senate with some spending cuts ad a short term debt ceiling extension But will such a bill find enough Republican support?
And in the Senate the still-relevant Majority Leader Reid plans to call the Republicans' bluff (quoting Yglesias) by giving them the revenue-free spending cuts only bill they claim they want. That'll show 'em! Well, Yglesias argues that since the Republicans' not-so-hidden agenda is entitlement reform, which Reid carefully sidesteps, Republicans can't say yes. Of course, Reid will need to go on record with dramatic non-entitlement cuts, and where will he find the votes? The suspense would be mounting if anyone cared.