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Senate and House to convene after talks stall over weekend

  • 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.
Comments (1)
  • Financehulligan
    , contributor
    Comments (1079) | Send Message
    Market saying: No deal



    Ops, what will happen now with asset prices?
    14 Oct 2013, 09:31 AM Reply Like
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