Don't assume shutdown will be averted
Much of Washington - not to mention the financial markets - is taking comfort in the belief that they've seen this movie before.
In 2011, House Republicans threatened to shut down the government and breach the debt ceiling unless the Obama administration made substantial concessions. Though the negotiations were tense, the two sides ultimately came to an agreement. There was no shutdown. There was no default. The lesson most everyone took away was that Washington always figures it out in the end.