With the Boehner debt ceiling plan having failed to bring conservative Republicans on board and commentators everywhere predicting some serious market consequences, it looks like the final hours of the debt ceiling debacle are coming down to a contest between Senate Majority Leader Harry Reid (D-NV) and Tea Party ringleader Senator Mike Lee (R-UT). Both Mormon. Reid, it's reported, is positioning himself to offer the last, best, and only option for avoiding default, while Lee is expected to insist on a balanced budget amendment all the way to the finish.
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