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.

Debt Talks in Disarray as House Balks  —  WASHINGTON — With the federal government on the brink of a default, a House Republican effort to end the shutdown and extend the Treasury's borrowing authority collapsed Tuesday night as a major credit agency warned that the United States was on the verge of a costly ratings downgrade.

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.

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.