Seven months

President Obama and Senate Democrats are weighing a scaled-back U.S. budget deal that would avert a looming default but force Congress to tackle the politically toxic issue again before the 2012 elections, a Senate Democratic aide told Reuters on Thursday

The deal would cover the country's borrowing needs for seven months, the aide said. That would theoretically include budget savings of roughly $1 trillion to attract the Republican support needed to pass it through Congress. CNBC

Does this sound like the California deal? Smoke mirrors and two quarters of kicking. The stages in the government channel are adjusting to the same budget uncertainty. Under this contracted environment they operate synchronously. They need twice the normal bandwidth. Steep curve, right? So the points of aggregation are dense along the steep part of the curve, the short end.