Day: July 24, 2011

So it looks like Boehner, et al are working on a "framework" that is to be announced sometime before the Asian markets open this afternoon. First, the best summary of Where We Are Now comes from British Business Secretary Vance Cable:

"The irony of the situation at the moment, with markets opening tomorrow morning, is that the biggest threat to the world financial system comes from a few right-wing nutters in the American congress rather than the eurozone."