Why Today’s Debt Ceiling Meeting Was Scrapped

Punchbowl News: “It’s not that the staff-level negotiators… haven’t gotten anywhere. They’ve taken some modest steps in the right direction.”

“But several participants in the negotiations put it this way to us last night: If they were at this stage in the talks in February, everyone would be bullish that a deal is possible. However, as it’s only 20 days to a potentially catastrophic default for the U.S. government, they’re truly behind the eight ball.”

Politico reports there was “promising, if faint, evidence that a deal might be possible to avoid the calamity of a federal government default.”