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Boehner Tells GOP Lawmakers There Is No Deal On Debt Ceiling

Tyler Durden's picture




 

No deal... for now. From Reuters: "Speaker of the U.S. House of Representatives John Boehner told fellow Republicans on Friday there's still no deal to avert a debt default, but that talks continue, a senior party member said. Boehner's message at a closed-door House Republican meeting was: "There's no deal, and we'll continue to work to get resolution to the problem," said Republican Congressman Tom Latham." They have less than 14 hours now.

 

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Fri, 07/22/2011 - 10:00 | 1480329 the not so migh...
the not so mighty maximiza's picture

go long .gov employee furloughs

Fri, 07/22/2011 - 10:14 | 1480423 boooyaaaah
boooyaaaah's picture

maybe they will grasp at the only true remedy

Cut Cap Balance then Extend

 

 

 

Grabbing at straws” (or “grasping,” today the more common form) comes from the very old proverb noted by Samuel Richardson in his novel Clarissa (1748): “A drowning man will catch at a straw, the proverb well says.”  The “straw” in this case refers to the sort of thin reeds that grow by the side of a river, which a drowning man being swept away by a fast current might desperately grasp in a futile attempt to save himself.  Thus “grasp at straws” has, since at least the 18th century, meant “to make a desperate and almost certainly futile effort to save oneself”

Fri, 07/22/2011 - 10:23 | 1480460 Long-John-Silver
Long-John-Silver's picture

Time to drain their retirement accounts....Never mind! They did that already.

 

Fri, 07/22/2011 - 10:39 | 1480513 Sudden Debt
Sudden Debt's picture

Looks like Obama, the man of the common people, doesn't have any problem to find money...

http://www.cnbc.com/id/43854224

he'll will surely repay them X1000...

 

And even if America defaults, AT LEAST HE'LL KEEP ON RECEIVING HIS PAYCHECK!

Not that it really matters for him... his main source of income is from backscratching and his bankers escort service...

Fri, 07/22/2011 - 11:01 | 1480738 DoChenRollingBearing
DoChenRollingBearing's picture

+ $14,500,000,000

I wonder if the Repulicans will stand by their tough-talking Speaker Boehner this morning.

Fri, 07/22/2011 - 11:24 | 1480842 gaoptimize
gaoptimize's picture

correction: ($K).  I think you missed 3 zeros.

Fri, 07/22/2011 - 11:34 | 1480891 DoChenRollingBearing
DoChenRollingBearing's picture

Thanks!  Hard to keep track of all the zeros...

+ $14,500,000,000,000

We're so doomed...

Fri, 07/22/2011 - 11:58 | 1481016 Sudden Debt
Sudden Debt's picture

And hard to find calculators that can display those number also...

Maybe that's the reason why the debt is getting out of control... the accountants can't fully display it. They only see 10 figures

and they say: HE! THAT'S NOT SO BAD! ONLY 0,01% DEBT TO GDP! BLANCO CHEQUE FOR EVERYBODY!!

 

Fri, 07/22/2011 - 10:28 | 1480494 j0nx
j0nx's picture

Who cares, they will all be paid retroactively when a deal is reached anyway. Paid vacations for all!

Fri, 07/22/2011 - 10:44 | 1480604 Sudden Debt
Sudden Debt's picture

witch credit card style interests :)

21%! MIN +

 

Fri, 07/22/2011 - 10:02 | 1480332 GeneMarchbanks
GeneMarchbanks's picture

Boehner is loving the 15 minutes. His nipples are visible through his Hugo Boss suit if you look closely.

Fri, 07/22/2011 - 10:18 | 1480440 Bay of Pigs
Bay of Pigs's picture

"There's is no agreement. It's going to be a hot weekend in Wash DC".

Yeah sure, Mr Speaker. An Oscar worthy performance in a lousy movie with a very bad script and a terrible ending.

Fri, 07/22/2011 - 10:23 | 1480459 GeneMarchbanks
GeneMarchbanks's picture

He loves the heat. You think his face is tan?

Fri, 07/22/2011 - 10:28 | 1480503 web bot
web bot's picture

Let's get Sorkin to write a play about it... and have him as an anchor on CNBC. He can play the part of an angry little boy in a man's suit and have Kate Kelly as a man in a woman's dress.

You can just watch the ego drip from these people.

Fri, 07/22/2011 - 11:59 | 1481032 Cognitive Dissonance
Cognitive Dissonance's picture

Sorkin makes the 6 to 9 AM CNBC time slot unwatchable. Deer in headlights is not fun to watch after a while.

Joe is still an arsehole. But Becky can finally add and subtract negative numbers, which now makes her my favorite economist.

Fri, 07/22/2011 - 12:20 | 1481130 RacerX
RacerX's picture

What, you don't like the Kahuna?

Fri, 07/22/2011 - 11:27 | 1480853 I Got Worms
I Got Worms's picture

I'm picturing Randy Quaid in "Kingpin" turning around after grabbing the beers from the fridge in the underground bowling alley.

Fri, 07/22/2011 - 10:00 | 1480333 Corn1945
Corn1945's picture

This is better than any movie I've ever seen. Jolly good show!

Fri, 07/22/2011 - 10:00 | 1480335 economessed
economessed's picture

When failing, fail in hugely spectacular fashion.  Let's have the two wankers exchange punches before they retreat to their blame assessment teams.

Fri, 07/22/2011 - 10:00 | 1480336 nmewn
nmewn's picture

Who's crying now? ;-)

Fri, 07/22/2011 - 10:14 | 1480424 snowball777
snowball777's picture

General Dynamics and Lockheed.

Fri, 07/22/2011 - 17:45 | 1482710 nmewn
nmewn's picture

Should do wonders for U3/U6.

Fri, 07/22/2011 - 10:01 | 1480347 docj
docj's picture

Good.

Fri, 07/22/2011 - 10:04 | 1480359 wsmith
wsmith's picture

Are we actually going to default?

I don't think so.

We live on the global plantation.  And the United States is the task master.

Anyway, so long.

And God bless all you Marxist cocksuckers.

http://geraldcelente.proboards.com

Fri, 07/22/2011 - 10:05 | 1480372 Abitdodgie
Abitdodgie's picture

Dont let the door hit you on the ass on the way out.

Fri, 07/22/2011 - 10:08 | 1480388 wsmith
Fri, 07/22/2011 - 10:14 | 1480422 cartonero
cartonero's picture

And lock the door behind you.

Fri, 07/22/2011 - 10:20 | 1480445 Beau Tox
Beau Tox's picture

Your constant use of profanity marks you as white trash.  I wish ZH had a filter that removed such trash from the landscape here. 

Fri, 07/22/2011 - 10:34 | 1480530 j0nx
j0nx's picture

While I agree with you about him, let's not start policing the site for profanity. We are all adults here...

Fri, 07/22/2011 - 10:09 | 1480395 Cognitive Dissonance
Cognitive Dissonance's picture

It is a newbie troll. An unoriginal newbie troll.

Member for 3 weeks 6 days
Probably a sign that Zero Hedge's best days are behind us. It's those wild and crazy trolls that keep us alive.
Fri, 07/22/2011 - 10:16 | 1480430 wsmith
wsmith's picture

Fuck you, too--asshole.

I'm not a newbie.

I was here back when it was a blogspot address.

Suck my dick, you motherfuckers.

This is the best website ever created.

These boys are some smart motherfuckers.

Fuck you in the ass.

And fuck your friends in the ass.

http://geraldcelente.proboards.com

Fri, 07/22/2011 - 10:22 | 1480452 blunderdog
blunderdog's picture

You sure sound like a newbie. But it looks more like you're just trying to leech off the site traffic to promote some crappy link.

Um...oh also...fuck cocksucker asshole cunt shit on you.

Fri, 07/22/2011 - 10:23 | 1480458 Cognitive Dissonance
Cognitive Dissonance's picture

Sorry bro. You are only as old as your ZH avatar and ID say you are.

Part of ZH street cred is longevity, along with interesting commentary and posting. You are a newbie on both counts.

But thank you for playing the home version of Zero Hedge.

Fri, 07/22/2011 - 10:28 | 1480496 wsmith
wsmith's picture

Oh, suck my Marxist cock.

Like I give a fucking shit about your street cred!

Do I look like a rapper?

Fuck all you motherfuckers in the ass.

http://geraldcelente.proboards.com

 

Fri, 07/22/2011 - 10:41 | 1480580 Canaduh
Canaduh's picture

I'd like to go first.

 

 

Zip

Fri, 07/22/2011 - 12:22 | 1481138 RacerX
RacerX's picture

Does he get zapped, like in "Operation"?

Fri, 07/22/2011 - 13:28 | 1481467 Cognitive Dissonance
Cognitive Dissonance's picture

Only if he follows the game instructions and attaches the wires to his genitals.

We can only hope.

Fri, 07/22/2011 - 13:05 | 1481349 Zymurguy
Zymurguy's picture

wsmith sounds like some some heated bitch with Tourette's Syndrome.

Kinda turns me on...

Fri, 07/22/2011 - 10:24 | 1480463 snowball777
snowball777's picture

Too much ass! Ass, ass, ass all the time! Ass special!

http://www.youtube.com/watch?v=GPEY2FMtFjU

 

Fri, 07/22/2011 - 10:23 | 1480456 Spastica Rex
Spastica Rex's picture

 I think the flavor is a little different. Not a tasty new flavor, mind you. The quality of trolling on Zerohedge has gone down in the 1 year and 30 weeks I've been here, IMO. Maybe I'm just becoming jaded.

Fri, 07/22/2011 - 10:27 | 1480486 cossack55
cossack55's picture

Or possibly you have downgraded your pipe tobacco?  Stick with the Captain Black Gold.  Maybe cut it with a little cherry.

Fri, 07/22/2011 - 10:32 | 1480517 Ancona
Ancona's picture

I have noticed quite the unprecedented amount of static myself on these boards lately CD.

Although the board is becoming more populated, it seems that there are still many old timers who still contrubute meaningfull and substantive commentary.

Don't lose hope that easily CD. I have also noticed that the trolls who have no knowledge at all are quickly dispensed with and humiliated off the boards for their stupid comments [a few exceptions of course, still persist].

I would however, like to know who the coward junker is. You know, the anonymous crybaby who streams in and proceeds to junk every single post. I believe this person probably still lives in mommies basement.

Fri, 07/22/2011 - 19:00 | 1483062 msamour
msamour's picture

Actually i think he probably lives underneath a bridge in new Orleans or something.

Fri, 07/22/2011 - 10:08 | 1480391 snowball777
snowball777's picture

Is that people who go down on Marxists? Or adherents of Marx that give head? Or both? Humpenproletariat?

Fri, 07/22/2011 - 11:36 | 1480910 DoChenRollingBearing
DoChenRollingBearing's picture

+++ on a good sense of humor snowball, we need it...

Fri, 07/22/2011 - 10:05 | 1480370 mynhair
mynhair's picture

Everything is bullish.  BTFD

Fri, 07/22/2011 - 10:06 | 1480373 Cognitive Dissonance
Cognitive Dissonance's picture

Like a Hollywood financial porn movie, we need to build suspense before the money shot.

Fri, 07/22/2011 - 10:11 | 1480404 snowball777
snowball777's picture

Great. Now I want to splice Tubular Bells from the Exorcist soundtrack into a porn video.

Fri, 07/22/2011 - 10:24 | 1480467 Cognitive Dissonance
Cognitive Dissonance's picture

That's what is great about sexual perversions.

There is no such thing.

Fri, 07/22/2011 - 10:29 | 1480506 espirit
espirit's picture

Green Chutes?

Fri, 07/22/2011 - 11:56 | 1481015 Cognitive Dissonance
Cognitive Dissonance's picture

Ummmm

Brown chutes. Then again, thankfully I'm color blind.

Fri, 07/22/2011 - 10:07 | 1480378 Dr. Engali
Dr. Engali's picture

Ooooohhhhh the anticipation is killing me. Keeping me on the edge of my seat. The best reality tv I've seen in ages. Too bad it's not based on reality.

Fri, 07/22/2011 - 10:07 | 1480383 scatterbrains
scatterbrains's picture

There will be no deal announced until Sunday night around 6:00pm.

This could be a "temporary" bull trap in pm's. Look for them to crush silver in the thin globex markets going into Monday morning.

Fri, 07/22/2011 - 10:11 | 1480407 Gavrikon
Gavrikon's picture

Oh PLEASE!!!!!

I got some green burning a hole in my pocket!

Fri, 07/22/2011 - 10:20 | 1480447 SheepDog-One
SheepDog-One's picture

Or do something really unexpected, like 'a deal', but we had to seize all your 401K's and pensions to do it....so sorry not get back on your fuking oars and ROW, peasants!

Fri, 07/22/2011 - 13:39 | 1481502 unununium
unununium's picture

You are so right.  I'm'a get me some 1-week puts right now. Quite serious here.

Fri, 07/22/2011 - 10:08 | 1480393 DOT
DOT's picture

Howie says, "Deal or no deal?"

The Banker only wants you to give-up what you don't yet have.

 

 

NO DEAL

Fri, 07/22/2011 - 10:10 | 1480401 Arch Duke Ferdinand
Arch Duke Ferdinand's picture

""$370 billion annually in "cuts", which are almost-certainly not real cuts (but rather reductions in the rate of increase) will do nothing.""....

http://seenoevilspeaknoevilhearnoevil.blogspot.com/2011/07/senate-majori...

OT: Hilarious 2 Min Vid...

http://www.youtube.com/watch?v=W0Uju3tYS2s

Fri, 07/22/2011 - 10:13 | 1480417 blunderdog
blunderdog's picture

I thought "the weekend" started at 3pm during the summer.  Gotta beat the traffic.

Fri, 07/22/2011 - 10:17 | 1480433 nedwardkelly
nedwardkelly's picture

We're talking about Government workers here. For most, the weekend starts Thursday night. Some have the courtesy to actually show up to the office for a few hours Friday morning.

Fri, 07/22/2011 - 10:28 | 1480498 Long-John-Silver
Long-John-Silver's picture

They just show up to clean out any remaining edible food in the refrigerator.

Fri, 07/22/2011 - 10:16 | 1480427 Jason T
Fri, 07/22/2011 - 10:23 | 1480457 LawsofPhysics
LawsofPhysics's picture

Default, bring it.  Maybe then compensation will return to those who are actually worth a shit, here's to hoping anyway.

Fri, 07/22/2011 - 10:27 | 1480469 LawsofPhysics
LawsofPhysics's picture

Bread and circuses.  How will the GOP blame Obama in 2016 if they win the white house in 2012?  The pendulum keeps swinging and the wars (no one on either side of the isle is talking about) keep draining valuable resources.  Not sustainable for much longer.  We need either a false flag, market crash, or the release of some amazing new (fusion type) technology.  Bet on the one that is the most easy to fabricate and hedge accordingly.

Fri, 07/22/2011 - 10:25 | 1480472 dogismyth
dogismyth's picture

hmmmm.....so many trained to believe the unbelievable.  Everyone see's it as a done deal.  Bulls in an orgy.

I say "no deal"....for awhile.  They need an excuse for a mini-crash.  And now is the perfect time.

Poor Republicans.  They'll get all the blame.

And Obama and the Dems will come in a save the day.

 

Fri, 07/22/2011 - 10:25 | 1480473 Dr. Engali
Dr. Engali's picture

Boner and Obummer have to keep this farce up until they can find some sucker to buy our debt. Well we know they have one in the fed.

Fri, 07/22/2011 - 10:33 | 1480527 espirit
espirit's picture

Probably haven't come to terms with the EU on swapping our debt for theirs, including Greece.

Musical chairs, last one standing is the bagholder.

Fri, 07/22/2011 - 10:25 | 1480477 youngman
youngman's picture

Harry Reid.......lets vote on it....NOW

Fri, 07/22/2011 - 14:27 | 1481682 HungrySeagull
HungrySeagull's picture

And that wrinkled old fuck did push it to the table this am and killed the damn thing. Now everyone gets whisked home for the weekend while the Country burns.

OMG. how is it possible for one goddamn son of a bitch manage to make sure that 237 people in the House plus half the frigging Senate do what he says for them to do.

 

/rant

Fri, 07/22/2011 - 10:28 | 1480501 Peter K
Peter K's picture

Didn't Euroland just do a selective default to save the Euro? Why can't the US do a selective default to save the USD? Just askin;)

Fri, 07/22/2011 - 10:29 | 1480505 lizzy36
lizzy36's picture

No worries.

Geithner and Paulson (Hank) had breakfast this morning.

No doubt coming up with a comprehensive plan to help the banks when the US defaults at some point in the next week.

Past and present Treasury Secretaries, working for the people of the US (and by people i mean those that get 6/7/8/9 figure bonuses).

Fri, 07/22/2011 - 10:32 | 1480514 buzzsaw99
buzzsaw99's picture

skeletor might have more difficulty frightening this bunch of house-pugs. what is worse than tanks in the streets?

Fri, 07/22/2011 - 10:30 | 1480511 pods
pods's picture

I thought I was getting excited about this, then I remembered that I am going fishing this weekend.

pods

Fri, 07/22/2011 - 10:32 | 1480515 Misean
Misean's picture

Yawn....

Fri, 07/22/2011 - 10:32 | 1480518 Pants McPants
Pants McPants's picture

Today could be a good day for J6P: the potential for circus (NFL) and bread (debt ceiling agreement, QE3) is high.

If anyone knows drama, it's J6P.  That why he/she loves themselves the reality television.

We'll be back.....right after these newsconferences.

Fri, 07/22/2011 - 10:33 | 1480522 mynhair
mynhair's picture

Anyone have an overwhelming urge to dive into ZSL?

Fri, 07/22/2011 - 10:34 | 1480531 Spastica Rex
Spastica Rex's picture

When do we get to throw rotten fruits and vegetables?

Fri, 07/22/2011 - 10:34 | 1480535 gatorontheloose
gatorontheloose's picture

volumes on agq suspicious 

Fri, 07/22/2011 - 10:38 | 1480557 gatorontheloose
gatorontheloose's picture

10:20 on both zsl and agq, no price change.  FML i hate these instruments.

Fri, 07/22/2011 - 11:10 | 1480776 gatorontheloose
gatorontheloose's picture

1.5 mm shares ZSL 10:36 10:44 no corresponding AGQ 

 

AND THERE SHE GOES!

Fri, 07/22/2011 - 10:35 | 1480536 franzpick
franzpick's picture

$1607: gold isn't blinking.

Fri, 07/22/2011 - 10:42 | 1480593 franzpick
franzpick's picture

The 5 hour shows the coil breakout and the target of $1620 and up. Debt ceiling talk and transitory default schemes may be on the verge of transparency:

 http://www.forexpros.com/commodities/gold-advanced-chart

Fri, 07/22/2011 - 10:35 | 1480538 r101958
r101958's picture

No deal. Good! Do not raise the debt ceiling! Cut the friggin' spending!

Fri, 07/22/2011 - 11:16 | 1480804 DoChenRollingBearing
DoChenRollingBearing's picture

Yes, cut the spending.  That is the only way.  The only transparent way.

It's also hard.  We will see if the Rs have the stones to cut spending or if they go along and make:

The Biggest, Dirtiest, Sleaziest Deal Ever Made In History (TBDSDEMIH).

We will be watching...

Fri, 07/22/2011 - 10:38 | 1480560 monopoly
monopoly's picture

Of course there will be a deal. But so what. It means nothing. And if miners sell off on the idiotic news of debt to infinity, I will buy more gold.

Fri, 07/22/2011 - 10:39 | 1480563 monopoly
monopoly's picture

GDX the one to watch. Getting close.

Fri, 07/22/2011 - 10:42 | 1480591 mynhair
mynhair's picture

Action in SSN again.  Maybe a buyer this time, who knows?  All it's bigger rivals have been swallowed up.

Fri, 07/22/2011 - 10:48 | 1480642 krispkritter
krispkritter's picture

"Double Your Ceiling, Double Your Fun. Goobermint Dumb!"

Fri, 07/22/2011 - 14:28 | 1481687 HungrySeagull
HungrySeagull's picture

BWAHAHAHAHAHA!

Fri, 07/22/2011 - 11:01 | 1480740 inkarri9
inkarri9's picture

Boehner says "we're not even close to an agreement" but MarketWatch reports that a Boehner and Obama are "closing in on a deal".  Funny.  

Fri, 07/22/2011 - 11:02 | 1480746 inkarri9
inkarri9's picture

Boehner says "we're not even close to an agreement" but MarketWatch reports that a Boehner and Obama are "closing in on a deal".  Funny.  

Fri, 07/22/2011 - 11:08 | 1480760 piceridu
piceridu's picture

This whole theater act is about power. This has always been about power and who has it:

http://www.nationalmemo.com/article/exclusive-former-president-bill-clinton-says-he-would-use-constitutional-option-raise-debt

Fri, 07/22/2011 - 11:14 | 1480797 Eireann go Brach
Eireann go Brach's picture
On TV "Boehner Tells GOP Lawmakers There Is No Deal On Debt Ceiling"...400 pound wife throws slipper at her husband and says, "who cares bout the damn debt ceiling, my savior Obama will pay for it just like our car and mortgage payment, Dancing with the Stars is about to start and go get me my Twinkie box so I can stuff my fat face"
Fri, 07/22/2011 - 11:38 | 1480924 sbenard
sbenard's picture

You mean the Obama-money stash? Where do I get some? Do I have to sell my vote and my soul to get it?

Fri, 07/22/2011 - 14:29 | 1481691 HungrySeagull
HungrySeagull's picture

Divorce papers please, and fast before wife's sugar levels drop too much. Aww fuck it, take your time wife will be in a coma soon enough.

Fri, 07/22/2011 - 11:36 | 1480911 sbenard
sbenard's picture

No debt deal? GOOD! I mean GOLD!

Fri, 07/22/2011 - 11:43 | 1480949 Problem Is
Problem Is's picture

No Deal
The Orange-Man-Tan Boner has spoken...

Fri, 07/22/2011 - 11:51 | 1480992 serndipity
serndipity's picture

That's not how it works in the private sector.

When employees are furloughed (through no fault of their own) they file for UI benefits. Those who may return to work, do not receive back pay (for doing nothing).

So......why should government employees  be treated special and get a paid vacation?

Fri, 07/22/2011 - 11:58 | 1481024 NidStyles
NidStyles's picture

I don't believe a word this guy says. I'm willing to bet there's a deal already, but they want the drama to justify further BS theft.

Fri, 07/22/2011 - 13:19 | 1481418 Dr. Acula
Dr. Acula's picture

>They have less than 14 hours now.

What's special about today?

 

Fri, 07/22/2011 - 14:14 | 1481605 Clowns on Acid
Clowns on Acid's picture

Bill Clinton = I never had sex with that woman.

ECB = Greece does not default, only a temporary default with no "credit event" occurring.

Both lying, however only has yet to be convicetd.

Sun, 07/24/2011 - 11:12 | 1487134 Yen Cross
Yen Cross's picture

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