(CNN)-It's early on a Sunday morning, so State of the Union is bringing you the best of the morning headlines to go with your cup of coffee.
On our radar: The latest in the debt ceiling talks, the aftermath in Norway, and same-sex marriages today in New York.
Check out what we're reading, and watch our interviews with Treasury Secretary Tim Geithner and GOP presidential candidate Tim Pawlenty today at 9am/12pm ET.
DEBT CEILING NEGOTIATIONS
“The goal of our discussions now with the leaders is not to do something in the Reid-McConnell framework,” Boehner said, according to one participant. “It will be something new.”
“The Tea Party is effectively playing Russian roulette with the bond market and they will, with certainty, lose,” Christian Cooper, head of U.S. dollar derivatives trading in New York at Jefferies & Co. said, referring to a faction of Republican lawmakers that has ratcheted up the pressure for deep cuts in federal spending to curb the deficit. Jefferies is one of 20 primary dealers that trade with the U.S. Federal Reserve.
The heightened uncertainty is prompting financial firms and other companies to stockpile cash. Walter Todd of Greenwood Capital, a wealth management firm in Greenwood, S.C., said that so far he had advised his own worried customers not to do the same, operating under the assumption that a deal would be reached. But after the talks fell apart on Friday, Mr. Todd said he and his partners began to discuss a more pessimistic possibility.
“If nothing changes, if the headline out of the weekend is that the talks have broken down, I think you’ll start to see assets reacting to that,” Mr. Todd said.
IN OTHER NEWS…
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