Breaking: NO DEAL! Last Minute Debt Ceiling Bill To Avoid Default Defeated In Senate

Last Minute Debt Ceiling Deal To Avoid Default Defeated In Senate

Live from Washington: The U.S. Senate has just defeated a last minute debt ceiling bill deal to avoid a U.S. default.

The bill was defeated by a vote of 50 Yeas to 49 nays which is far short of the 60 vote 3/5ths majority needed to pass.

Last Minute Debt Ceiling Deal To Avoid Default Defeated In Senate

Senate Majority leader Harry Reid is arguing to hold the Senate in session until 4 P.M to re-vote on the issue but is facing steep resistance.

As I explained in my last post this is the last vote before Asian markets open and failure to pass will spark a massive sell-off with devastating consequences.

Categories: ECONOMY

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