-The White House and Republicans in Congress are scrambling Sunday to get a deal to raise the U.S. federal borrowing limit before Asian markets open, with leaders in both parties expressing concern about a rocky market reaction to the apparent collapse Friday of talks between President Barack Obama and House Speaker John Boehner. Follow developments in Washington and reaction globally here.
6:53 pm
The Nationals Debt
by Damian Paletta
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On Default Deadline Eve, there'll be some serious deflation in Washington.
Perhaps the owners of the Washington Nationals know something no one else does -- or maybe they are just trying to sell more tickets in the dog days of summer. But on Aug. 1, one day before the U.S. government could begin running out of money to pay its bills, the baseball team is selling some tickets to the game against the Atlanta Braves for $1.
If there's no deal to raise the debt ceiling by then, consider it a bad sign if there's a bunch of lawmakers in the cheap seats with their cellphones turned off.
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