HIGH NOON: The Senate Will (Probably) End The Debt Ceiling Crisis At Midday: "If all goes well in Washington today, then shortly after noon the nation's debt ceiling crisis should be over. Around that time the Senate is due to take up last-minute legislation that the House passed Monday night.
Senate leaders seem confident they have at least the 60 necessary votes to carry the deal. If they're right, then the final bill would move swiftly to the President's desk for his signature. Once the ink is on the page, the the debt ceiling can be raised ahead of the nearing deadline, and the ticking timebomb of default will be defused.
It will be the end of a dangerous game of chicken that shook markets across the world as creditors faced up to the possibility that for the first time in its history America might fail to pay its credit obligations..."
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