No Dealing On The Debt Ceiling, Part 44

Yesterday House Republicans made noises to try to call President Obama out and offer a short-term debt ceiling bill that only pushes the fight to later in the 2012 campaign season.  All indications are the Dems have wisely rejected that, saying that without a comprehensive deal, America's credit rating will still be downgraded.

"I will not support any short-term agreement, and neither will President Obama nor Leader Pelosi," Reid said in a statement. "We seek an extension of the debt ceiling through at least the end of 2012. We will not send a message of uncertainty to the world."

Reid and Pelosi are joining Senate Republican leader Mitch McConnell and Speaker John Boehner in Boehner's office this evening for another round of talks following an hour-long session at the White House Saturday.

Boehner reportedly told his members after the meeting that he's angling for a deal by the end of the day Sunday, which is when Asian trading markets open for Monday business. 

If Orange Julius wants a deal by Asia's Monday open, he has until about 8 PM Eastern to do it at the very latest.  If not, chaos in the Nikkei and Hang Seng will spread to the Dow tomorrow morning.  Buckle up, folks.