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Citi's Worst Case Scenario Coming True: House To Amend Bill, Send Back To Senate

Tyler Durden's picture




 

UPDATE: *LATOURETTE SAYS CANTOR WON'T SUPPORT BILL `IN CURRENT FORM'

It seems all is not going according to plan in D.C.. Perhaps it was the $4 Trillion deficit rampage the CBO just scored, or that the Republicans awoke from their slumber but as House meetings end, it appears Citi's worst case scenario is about to take place - the bill is going back to the Senate with spending cut amendments. As Politico notes, amending the bill would throw into serious flux the carefully negotiated agreement between Senate Minority leader Mitch McConnell and Vice President Joe Biden. While headlines noted the possibility, Rep Spencer Baucus (via Robert Costa) just confirmed the deal will "go back to the Senate."

  • *BACHUS SAYS HOUSE REPUBLICANS 'THERE' ON TAX PROVISIONS
  • *BACHUS SAYS HOUSE MAY SEND BILL BACK WITH SPENDING CUTS ADDED

One thing is clear, Politico adds: there is serious disdain among House Republicans for what the Senate did in the middle of the night. Retiring Rep. Steve LaTourette of Ohio asked House Republicans why the House would “heed the votes of sleep deprived octogenarians,” according to a source in the meeting.

 

 

What is limit down in S&P 500 futures again?

 

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Tue, 01/01/2013 - 20:09 | 3113211 chump666
chump666's picture

Love that oil price, straight up tax right there via the money printers. 

For the 2012 Marketwatch inspired bulls, you hoes got smoked in Nov, then with a sidelined market till the end up 2012. So it's fat returns on over leveraged  HFT trading? Yeah right.  Means you got to hold into 2013 to break even. Nasty 'cause 2013 is gonna be hell.

I can't wait.

Tue, 01/01/2013 - 20:58 | 3113302 mendigo
mendigo's picture

Have they forgotten who runs the show? JPM, GS et al may take notice. We have figured out how to fashion a potent weapon of incompetence, indifference and discord. American ingenuity. Now if we could only add assaul weapons to the mix wed have the makins of a real hootinany!

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