US Meltdown Day -6, Will we or won't we?

Still no deal as the Republicans squirm in the quagmire they walked into.  They still have their finger on the nuclear trigger and who knows what they'll do?  It may be that the fringe Tea Party is for the moment defanged now that they've been denounced as fakers by the watchdog group representing real hostage-takers.  That doesn't faze Ted Cruz, who is off to declare victory at the Values Voter Summit, where he'll be preaching the gospel of no compromise to the choir.

The Guardian reports:

Republicans have been under intense pressure from business leaders and party donors to avoid a possible US default by removing the debt ceiling threat from their arsenal. But there is no guarantee that the more conservative Republicans in Boehner's caucus will support it.
US stock markets soared on news of a deal. The Dow Jones Industrial Average ended the day 323 points higher (up 2.18%). The S&P 500 rose over 36 points (2.26%). Keith McCullough, CEO of investment adviser Hedgeye, said investors had been nervous about the talks. "I changed by views on the US markets three times yesterday. That can't be good for anyone," he said. "People are sick and tired of Boehner, Obama, Bernanke or whoever dominating the markets."