No Deal Yet In Senate As Debt-Ceiling Talks Stall

Racing against the debt-ceiling clock with a deadline and possible national default looming Thursday, Senate leaders met yesterday in what was billed as a possible breakthrough — but yet no deal was struck to end the stalemate and two-week government shutdown.

Observers say they expect the divided Congress to find some middle ground this week because defaulting could be catastrophic.

“Nobody really understands what it’s going to do to world markets,” GOP strategist Ford O’Connell said. “If the world markets spiral, we’re all in trouble.”

Read more from Antonio Planas at the Boston Herald

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Analysis & Political Strategy