++President Obama postponed his meeting with congressional leaders to let Harry Reid and Mitch McConnell duked it out for a new formulation to end the government shutdown and extend the debt ceiling. Now we are back to extending sequestration, but with the debt ceiling back to February next year. Instead of the repeal of the medical devices tax, there will be means testing for healthcare--however that would work.
++Of course, any agreement would require the House to learn how to count and pass a bill in a speedy manner so that everything will work. Less clear today than ever before the shutdown whether we can avoid the Ping-Pong of last week.
++President Obama said today that a default would be likely if the Republicans can't get their act together. A new ABC/Washington Post poll now has the GOP down to 21% approval rating for how they handled the showdown. But remember nearly 90% of the public wants background checks on gun purchases and that went nowhere.
++A Circuit Court ruled today that corporations are not religious organizations that can ban contraceptive coverage on health insurance.
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