Read more: Struggle to reach debt deal to avoid stock plunge
Well, I don't own any stocks, so I guess this is cool. I mean, either you lose it to a higher tax rate, or you lose it because the stock market tanked, amirite!?Precariously short of time, congressional leaders struggled in urgent talks Saturday to avert an unprecedented government default, desperate to show enough progress to head off a plunge in stock prices when Asian markets open ahead of the U.S. workweek.
With the White House consigned to the periphery of negotiations, Republicans sought as much as $4 trillion in deficit cuts over a decade as a condition for raising the nation's debt limit.