Earlier this morning, Republican and Democratic leaders in the Senate struck a deal to fund the government through January 15 and extend the debt ceiling to February 7. The Senate will essentially dictate the bill to the House, which will hopefully pass it and send it back to the Senate before we run out of borrowing authority tomorrow. Or Ted Cruz will scotch the whole thing. Or fractious House Republicans will refuse to pass anything, and the United States will resume its proud, constitutionally mandated position as a second-rate power. But for now, it looks like we have a deal.