Looks like debt, budget deal is taking shape - really

The Dow is taking off this morning because House Speaker John Boehner apparently has agreed to bring the Senate-crafted measure - still being finalized - to a floor vote, which means that most all Democrats would join with enough Republicans to pass the thing and avert crisis. The House is expected to vote first; then it's onto the Senate and President Obama's signature. The deal would fund the government through mid-January and raise the debt ceiling through Feb. 7. The Affordable Care Act remains almost totally in place; the only tweak involves income verification rules for people getting subsidized coverage.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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