Prices have hovered around $8.00 on the prediction market all last week, mostly unaffected by talks that started, stopped and restarted again.
When Speaker of the House John Boehner ruled out a “big” $4 trillion deal, prices even increased, only to return to $8.00.
The terms of the contract are fairly modest compared to what is being considered in Washington — a $800 billion increase by August 31, compared to a $2.5 trillion increase by the default deadline of August 2.
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