Update: 4: 30 PM
President Obama addresses the nation tonight at 9 PM EDT on "stalemate over avoiding default and the best approach to cutting deficits," (ABC). Boehner will also speak (pun).
Update: 10 PM, after the speeches.
The Washington Post has an important story by Zachary A. Goldfarb, "US could avoid default a few days longer", new reports say (link). Bloomberg has a similar story where a Wells Fargo analyst John Silva says actual default would not happen until September, link.