XJO 1.10% 8,075.7 s&p/asx 200

On Saturday (from Reuters), "Boehner holds a telephone...

  1. 435 Posts.
    On Saturday (from Reuters),

    "Boehner holds a telephone conference call with Republican House members to discuss status of the talks. One lawmaker on the call says they talked about the potential market reaction if lawmakers fail to report progress before financial markets open in Asia on Monday.

    Republican aides following the White House meeting say lawmakers are putting together a $3 trillion to $4 trillion package of deficit reduction that will follow a two-step process. Lawmakers hope to show progress on the last-ditch effort to raise the debt ceiling by 4 p.m. EDT (2000 GMT) on Sunday, which would be just hours before Asian financial markets open."

    That's our 6am tmrw morning. If there is still no deal, be ready for a selloff.
 
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