Hap-PY Friday. Retiring Sen. Bob Corker, Republican of Tennessee and member of the Senate Budget Committee, questioning the deficit effects of the party's proposed tax cuts: "I think the greatest threat to our nation is us. The way we handle our finances, we as a nation are the greatest threat to our nation. It's not ISIS. It's not North Korea. It's not ascendant China. It's not Russia. We are the greatest threat." (N.Y. Times)
Situational awareness: "Private equity transactions have hit a post-financial crisis high this year as cheap debt and record sums of ready cash lifted the value of deals to $212bn," per the Financial Times (subscription).