Senator Dianne Feinstein (D-California) said of the negotiations to the NY Times, "Sausage making is not pretty. But the sausage we have, I think, is a very different sausage from when we started." World markets have been watching and worrying over our debt ceiling crisis; the WSJ notes, "Asian markets opened sharply higher, with the Nikkei 225 in Japan up 165 points, or 1.68%, at 9 p.m. in Washington, shortly after the president announced a deal had been struck," but the ordeal has, per the Times, "eroded America's already diminishing aura as the world's economic haven and the sole country with the power to lead the rest of the world out of financial crisis and recession."
The WaPo's Chris Cilizza offers some more winners and losers—winners include the Tea Party, Obama, and, uh, David Wu "Has a member of Congress forced to resign amid a sex scandal ever drawn less media attention? Somewhere, Anthony Weiner is grimacing." And some more details about the deal from CBS News—"About $1 trillion over 10 years would be cut now from the federal budget. In addition, a new special congressional committee made up of members from both parties and both houses of Congress would be tasked with coming up up with $1.8 trillion in cuts by Thanksgiving."
