Will A Deal Get Done In Time?

Beutler suspects so:

The truth is, there are decent reasons to think that even someone as dug in as Cruz won’t assume the risk of delaying whatever deal Reid and McConnell ink. An individual senator or group of senators that held up the plan would own the ensuing market reaction forever. It’s hard to win the presidency if you’re responsible for the Cruz Crash. It’s hard to finance a re-election campaign if the public thinks you destroyed its wealth and institutional donors know how reckless you are.

Thus, despite the time crunch, there are promising signs that Congress will avert disaster by the end of the week, and reopen the government, too. How Republicans react to such a punishing defeat, what conservatives do, and what comes next for John Boehner, will be big stories in the weeks ahead.

Scheiber sees yesterday’s antics in the House as “the final spasm of a still-fresh corpse, the corpse being the GOP’s legitimacy as a political entity”:

In the end, I’m rather relieved that this all happened Tuesday—still relatively early in the process as these things go. A few savvy congressional reporters lamented that we’d lost an entire day while Boehner took a final lap around the mental institution he runs, possibly pushing the resolution of the showdown beyond Thursday. But if you size up the situation from a bit of a distance, you see that Boehner’s final farcical move almost certainly sped things up. Given that the House GOP almost always lurches away from the eventual solution at least once before swallowing its pride and allowing it to pass, far better to get it out of their system Tuesday rather than waiting till Thursday night, with only a few hours to go before D-Day.

Better yet, the fact that it happened before Reid and McConnell had finished their negotiation—with McConnell having suspended the negotiation to give Boehner a chance to embarrass himself further—strengthens Reid’s hand at the margin and allows him to strike a slightly more favorable deal.

Yglesias also expects deal:

This isn’t dispositive, but I do think it’s telling that financial markets remain calm. Playing this drama out until the 11th hour has been damaging, but that’s priced in. The expectation is still that this will end, and the pieces are in place for that to happen.

Suderman notes that, should the Senate deal go through, “shutdown will be over, and the Republicans who pushed for it hardest will have gotten essentially nothing for it.”