The Day Ahead: Closed Door Cliff Meetings Ahead of Sunday House Session

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Posted To: MBS Commentary

After the closing bells on Thursday, the White House announced that the President would be meeting with Majority and Minority Leaders from both the Senate and the House on Friday. One can only imagine that the goal is to produce actionable legislation that sneaks in before the Fiscal Cliff buzzer sounds early next week. The fact that the House of Representatives announced earlier on Thursday that it would reconvene on Sunday evening seems to mesh with a few days of strategy and sales pitches including all four corners of congressional representation. This is the first serious meeting announcement we've seen and would that it were more of a surprise to be seen this late in the game. This closed-door meeting can inform Friday's session in three ways . Naturally, any information that makes it...(read more)

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