Stunned Republicans React to Canceled Vote  —  Referring to his plan to preemptively send the Senate a House-passed bill, Speaker John Boehner told his conference this morning that he'd “rather throw a grenade than catch a grenade.”  But with his right-wing troops abandoning him again it was the speaker left holding the bomb.

Graham Admits Republicans Went Too Far  —  Sen. Lindsey Graham (R-SC) told TPM that he was “proud” of Speaker John Boehner's handling of the fiscal crisis but thought Democrats should have been more flexible with Republicans.  —  Said Graham: “We won't be the last political party to overplay our hand.

Senate leaders finalizing deal  —  Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell are finalizing a deal to avert a debt default and reopen the government, capping a frantic day that had Washington bracing for an economic crisis of its own making.

Boehner Searches for Votes  —  After a relatively calm conference meeting this morning, Speaker John Boehner is moving forward with his new fiscal strategy, which slightly revises the bipartisan framework being discussed in the Senate.  But he's treading carefully.

Will they make it?  Senate rushing deal before debt ceiling deadline  —  Washington (CNN) — The country crashes into the debt ceiling at midnight, and there is no deal yet in Washington.  —  The deal-making resumes Wednesday, as the government slides into day 16 of the shutdown.

Senate Leaders ‘Very Close’ to Debt, Shutdown Deal … With less than a day remaining before the debt limit is reached, Congress will need to work feverishly today to pass compromise legislation that would extend the debt ceiling and end the government shutdown.

Markets expect a deal — they better get one  —  NEW YORK — Wall Street has so far mostly shrugged off the latest Washington political crisis, assuming an 11th hour deal will materialize to raise the debt limit and stave off a potentially ruinous default.  —  But if the final act …