Updated 6:45 p.m.
With just over one month left until the government begins to default obligations to creditors, vendors, and entitlement beneficiaries, leaders of both parties in Washington made clear Monday that the underlying gridlock isn’t going anywhere. That means a half-trillion dollar impasse will have to be bridged, quickly, if the country’s to avoid a domino effect of economic consequences. And with the White House and Congressional Republicans staking out incompatible positions, it’s unclear how that will happen.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=110133