The Disruption of Congress in 2011

The odds of a similar type of disruption to 2011, where Congress finally did the deal one day before Treasuries projected deadline are really pretty high. Maximum leverage for both sides is basically on the deadline and that's why I think the deal probably gets done at that point. The politics of voting for an increase in the debt limit are any worse than they were in 2011. And they might actually not be quite as bad.