Jonathan Krohn, who many of you probably remember from his past life as CPAC wunderkind, is now working as a freelance foreign correspondent in Cairo. Here’s his first hand, on-the-ground account of running battles between Muslim Brotherhood and anti-coup activists and government forces yesterday in Cairo. Special to TPM.

So what’s happening? Are we headed to default? Are we just in a round of Kabuki theater where real default isn’t a realistic possibility?

Here’s my take on what’s happening and where we are.

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