The odds on the US government facing its first ever , potentially devastating recession , which we experienced last week , have﻿ just increased . It has been announced that voting for the new House Speaker will now take place on October 29 , a week before the outgoing S﻿peaker , John Boehner , is due to resign . The issue has sharply divided the House GOP conference in recent years, with hardline conservatives – like the kind that helped drive Boehner from office – arguing against such an increase. This is also a week before the US government is due to run out of money if lawmakers do not increase the limit on federal borrowing . One of the two main candidates for the role of Speaker , Jason Miller , announced today that if he was voted in , Republicans should be prepared to see a debt default and a government deficit in order to pursue their party 's agenda.﻿
The odds on the US government facing its first ever , potentially devastating recession , which we experienced last week , have﻿ just increased . It has been announced that voting for the new House Speaker will now take place on October 29 , a week before the outgoing S﻿peaker , John Boehner , is due to resign . This is also a week before the US government is due to run out of money if lawmakers do not increase the limit on federal borrowing . One of the two main candidates for the role of Speaker , Jason Miller , announced today that if he was voted in , Republicans should be prepared to see a debt default and a government deficit in order to pursue their party 's agenda.﻿