The stock market closed below 1700 after a very volatile trading session
Stock futures were higher, expecting a deal to be done today, but it'll probably be at the 11th hour, after stock markets closes or even delayed after the deadline if the Congress are willing to let it happen as they did with the shutdown
Billionaire investor Warren Buffett characterized it as "idiocy"
The fact is the shutdown does not benefit anyone even if they "win" this political battle, which they think they must win & stubbornly not compromising, letting something bad happen to blame the other side for it
Obama continues rejecting any changes especially to Obamacare & might only accept a deal which reopens the government & raise debt limit unconditionally
The Republicans think they must at least somehow defund Obama's signature Obamacare to undermine him
US will not default yet until around Oct 22-31 even if the debt limit isn't raised in time as the Treasury will still have about $30 billion in funds after the October 17 deadline, but US "AAA" ratings will be downgraded & US dollar will lose its credibility if it already hasn't
House Republicans postpones vote on bill to reopen government & avoid default as plans failed & they might have to surrender & agree to Senates deal
US Senates will meet at 12pm EDT today
We expect more breaking news today
Unless an agreement is made, the market will continue to be volatile
Trade less or none at all today
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