Daily Ticker: Mark Zandi says the worst is over

1. Mark Zandi of Moody's Analytics
2. Politically far apart, but general agreement of what needs to be done
3. Agreement is possible, but won't be painless
4. Probably needs push from markets
5. If recession, costs will be enormous, deficit will balloon again
6. Policy makers need to be convinced into doing something
7. Who gives in?  May not be resolved by deadline, may kick the can down the road