The title of a recently released Yahoo! article is “Senate in (the) spotlight as US ON BRINK of possible default” (Web-site/URL: http://news.yahoo.com/senate-leader-confident-us-debt-ceiling-deal-week-182824487.html).
“US lawmakers embarked on another day of high-stakes political brinkmanship Wednesday (October 16 2013), BATTLING to SCRAPE TOGETHER an eleventh hour deal to protect Washington’s BATTERED financial standing“. This DOES NOT sound good especially/specifically “battered”.
“At midnight (0400 GMT), the US economy will SAIL INTO UNCHARTED WATERS and the Treasury will no longer be able to guarantee it will be able to meet its obligations and avert a DEVASTATING debt default“. “sail into uncharted waters” signifies UNCERTAINTY and “a debt default” WILL CERTAINLY/DEFINITELY BE “devastating” making this a FRIGHTENING combination/proposition.
“The ONLY way to avert this peril, WHICH COULD SEND GLOBAL MARKETS INTO TURMOIL and THREATEN ANOTHER RECESSION, would be for Congress TO AGREE (?) to raise the US government’s $16.7 trillion debt ceiling”. OK this would be “the only way to avert” A CATASTROPHE but when was the last “Congress…agreed” on ANYTHING? OK they have agreed from time to time but lately this has become THE EXCEPTION rather than the norm.
“The Senate was to reconvene to TRY once again to hammer out a compromise, but a parallel effort in the Republican-led House of Representatives COLLAPSED IN CHAOS on Tuesday (October 15, 2013)” AS EXPECTED (Web-site/URL: http://www.youtube.com/watch?v=NgnAY_eXYbI) . Leading this “chaos”, of course, was THE TEA PARTY caucus.
“Republican Senator Kelly Ayotte told CNN“, “I think right now it’s going to be THE SENATE because last night (October 15, 2013) IT FELL APART IN THE HOUSE“, “warning it would be “UNACCEPTABLE” to miss the midnight deadline (October 17 2013)“. “It fell apart in the House”. AS EXPECTED (Web-site/URL: http://www.youtube.com/watch?v=NgnAY_eXYbI). As far as “…it would be “unacceptable” to miss the deadline” is concerned, again we have to wonder: will POLITICIANS deliver?
“Despite the dangerous impasse, Obama said he still EXPECTED (that) the issue would be RESOLVED in the end“. “Obama told an ABC television affiliate in New York”, “My EXPECTATION is that this gets solved, but WE DON’T HAVE A LOT OF TIME” obviously, “What I’m suggesting to the congressional caucus is to AVOID any posturing … do what’s RIGHT, OPEN THE GOVERNMENT and make sure WE PAY OUR BILLS“. Obama is surely talking to the TEA PARTY “caucus” here. Again of course as we know, the Tea Party will most likely CONTINUE POLITICAL “posturing”, “do what’s” POLITICALLY CONVENIENT, KEEP GOVERNMENT CLOSED & DYSFUNCTIONAL and bring the US CLOSER to default.
Finally, “Republican Representative Scott Rigell (Va) said he EXPECTED Boehner would eventually BREAK WITH the hardliners and call a vote“. Rigell told C-Span: “I am ABSOLUTELY CONFIDENT (?) of this. The speaker will do whatever is required to preserve the credit rating of the United States of America and I will SUPPORT him in that effort“, So, Rigell is STICKING UP FOR Speaker Boehner.
To conclude, according to this article at least, it’s NOT looking good. It seems like the US is about to COLLAPSE.