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Senate Deal "Apparently Short Of Needed Support"

Tyler Durden's picture




 

Update: U.S. Senate will attempt to vote on fiscal cliff Monday night, but still work to be done - Sen. Kyl. So the deal is done, but there is "hope" it passes. Should be good for another 10 ES points.

* * *

Everyone's worst nightmare has come true: the endless Greek bailout has now shifted to D.C., where deals are leaked, rumored, preannounced, and priced in, long before they are discovered to never have been there in the first place. The winners, as in Europe: hedge funds, and caterers. Everyone else is a bystanding loser.

From Reuters:

Skeptical U.S. Senate Democrats requested a meeting on Monday with Vice President Joe Biden about the tentative deal on the "fiscal cliff" that he is forging with Senate Republican leader Mitch McConnell, a Democratic Senate aide said.

 

With the deal apparently short of needed support, Democrats are hopeful that Biden will meet with them, but have not yet received a commitment, the aide said. Some Democrats complain that Biden went too far to find common ground with McConnell. Congress and the White House face a midnight deadline (0500 GMT Tuesday) to avert the fiscal cliff of tax hikes and spending cuts.

And now we look forward to tonight's Senate vote on the deal which "passed"... It passed right? The market said so.

 

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Mon, 12/31/2012 - 23:27 | 3111449 GMadScientist
GMadScientist's picture

I'm pretty sure you mean income...all wealth above $250k would pay off the current national debt several times over.

 

Mon, 12/31/2012 - 21:07 | 3111183 Salon
Salon's picture

We didnt continue the War of 1812. We should use those savings to count toward budget reduction

Mon, 12/31/2012 - 21:34 | 3111233 Element
Element's picture

lol .. go long caterers.

Mon, 12/31/2012 - 21:55 | 3111259 Yen Cross
Yen Cross's picture

 Happy New Year Element. lulz

Mon, 12/31/2012 - 22:05 | 3111274 Element
Element's picture

Same for you Yen and gf, have a great 2013 mate!

 

EDIT: just watching ABC-24 reporting that AP is saying a Fiscal Cliff 'agreement' has now been reached.

Mon, 12/31/2012 - 22:30 | 3111294 Yen Cross
Yen Cross's picture

 The United States is the laughing stock of planet Earth. I'D rather live in France.  Millionaires move, and Public Fountains, turn brown/

  Who junked Element?

Mon, 12/31/2012 - 22:33 | 3111339 Yen Cross
Yen Cross's picture

 Just like I said! Republicans submit, to play the debt ceiling.  Fuck off you Libtard douches/

Mon, 12/31/2012 - 22:47 | 3111378 Freddie
Freddie's picture

Huh? They should fight them at every turn.  They should have said no deal unless 10% across the board cuts. Then when the debt ceiling comes, 5 to 10% more cuts.  Each time there is a debt ceiling 5 to 10% more cuts.

Mon, 12/31/2012 - 22:52 | 3111384 Yen Cross
Yen Cross's picture

 I like ya Freddie. Sometimes a (perceived loss) is in fact, A WIN.

  In a perfect world you shouldn't even have to make consessions like that/

Mon, 12/31/2012 - 23:39 | 3111465 GMadScientist
GMadScientist's picture

Dear TeaPotDome Express riders, please enjoy your all-expense paid DC vacations while they last.

Say hi to Todd Akin, Allen West, Frank Guinta, Joe Walsh, Dick Mourdock, Christine O'Donnell, Chip Cravaack, Josh Mandel, Tom Smith, John Raese, Roscoe Bartlett, Kim Vaan, Rick Berg, Sharron Angle, and Mia Love for us.

Tue, 01/01/2013 - 02:27 | 3111536 Yen Cross
Yen Cross's picture

 I spent some time, reappropriating my comment .

Tue, 01/01/2013 - 06:46 | 3111745 Grand Supercycle
Grand Supercycle's picture

Wile E Coyote awaits...

As mentioned, whether it’s caused by fiscal cliff, debt ceiling, Europe or something else, it doesn’t really matter because as noted before – another crash is guaranteed.

It’s a no brainer.
Charts don’t lie.

http://trader618.com
@grandsupercycle

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