Great timing. The ubiquitous post-European close trend-reversal was extended by some 'nothing' comments from Boehner that every media outlet is inferring means everything's fixed and compromise is close. It's not - what did we expect him to say?
- Boehner says talks with Obama were constructive. Outlined a
framework with Obama; Will accept revenue if spending cuts
- July 18, 2011: House Republicans brace for compromise on debt (Source: LAT)
- July 22, 2011: Debt Ceiling Talks Collapse as Boehner Walks Out (Source: NYT)