It seems the non-negotiating red-line-making President is willing to umm... negotiate. Depsite Harry Reid's fire-and-brimstone, the WSJ reports that:
- *OBAMA TO INVITE CONGRESSIONAL LEADERS TO MEETING TODAY (at 530pm ET)
- *OBAMA SAID TO MEET WITH REPUBLICAN, DEMOCRATIC LEADERS
- *OBAMA SEEKING FUNDING MEASURE FOR GOVERNMENT, DEBT CEILING HIKE
- *MCCONNELL, PELOSI, REID ALSO TO ATTEND MEETING WITH OBAMA
Oh to be a fly on that wall? For now, equity algos are buying first and thinking later as bonds remain more stoic.
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