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CNN The Lead With Jake Tapper October 16, 2013

you know, not even a ratings agency giving us a warning card was enough to deter investors. traders have been trying to block out the noise and focus squarely on the fact that they believe that they know that a deal is going to get done. at one point, the dow surged 206 points. i ve been speaking to traders all morning. i said, there s no deal just yet, so why the optimism? they say, look, we know how washington works. we know that no politician wants to pick up the pieces of a possible default. and even if we don t see a deal tonight, we know the treasury has enough money to buy us some time. but the worry among some traders is is that the markets really haven t reacts strongly enough to force washington to really act. and some people are asking me, when we come up against the next deadline, are we going to see the same political brinkmanship. as wall street basically let washington get away with this? jake? zain asher, thank you so much. we had braced ourselfed, but ....

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CNNW The Lead With Jake Tapper October 16, 2013

0 we ll likely need another one in a few months and another one after that. why is congress just staggering from crisis to crisis? and as some lawmakers pat themselves on the back for reaching a deal, people out there are still hurting. just ask the thousands of kids in danger of going hungry in one state because of this gridlock. good afternoon, everyone. i m jake tapper. welcome to the lead. we ll begin with the money lead, live from capitol hill with just eight hours to go until the debt ceiling deadline, the mere promise of a promise has them partying. the dow jumped 200 points in reaction to news that a debt ceiling deal had been reached in the senate, and that s before the ink on the deal was even dry. we ll get to the politics of this all in a moment. but first, cnn s zain asher is live at the new york stock exchange with more on the stock surge. zain? reporter: hi, jake. yeah, so much excitement here on wall street, so much optimism. you know, not even a ratings agency givi ....

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