Hope for Congress?

About 10 miles away, over the rainbow, is the Capitol Building. Perhaps they will overcome their differences in the near future and relearn the art of compromise?

In all seriousness, political failure is now a real part of the calculus for assessing systemic risk here in the US. My own sense is that, after the general election, enough progress will be made on the country’s economic trajectory to keep the recovery going–but nothing is certain and the two sides are playing very much of a zero-sum game.