- The Senate and the House are due to hold sessions today despite the Columbus Day federal holiday as Washington continues to struggle to forge a deal over the government budget and the debt ceiling.
- Senate Majority Leader Harry Reid and Republican leader Mitch McConnell held talks over the weekend that Reid called substantive. "I'm optimistic about the prospects for a positive conclusion," Reid said.
- However, U.S. stock futures are lower as investors become increasingly nervous about the chances of an agreement before Thursday's debt-cap deadline. It could be that it will need a display of market fear to get Congress to agree to a deal.