After having his original plan scored as saving a bit less than originally promised by the CBO, Senate leader Harry Reid says his bill can be tweaked to get to about $2.5 trln in 10-year savings.

On the House side, Boehner’s bill is in the shop for a quick overhaul after pleasing few in its original iteration.

The ball still remains far from the goal line…

EUR/USD is consolidating above 1.4355/60 support, now at 1.4375 after a bout of “risk-off” price action in early NY trade, compounded by renewed European debt jitters to boot.