The odds on the US government facing its first ever, potentially devastating default, which we noted last week , have﻿ just increased. It has been announced that voting for the new House Speaker will now take place on a week , today before the outgoing S﻿peaker, Jason Chaffetz , is due to resign. This is also today before the US government is due to run out of money if lawmakers do not increase the limit on federal borrowing. Speaking last month on CBS’s “Face the Nation,” before the latest default drama developed, Boehner said, “I don't want to leave my successor a dirty barn. One of the One main candidates for the role of Speaker, Jason Chaffetz , announced today that if he was voted in, Republicans should be prepared to see a debt default and a government shutdown in order to pursue their party's agenda.﻿
The odds on the US government facing its first ever, potentially devastating default, which we noted last week , have﻿ just increased. It has been announced that voting for the new House Speaker will now take place on a week , today before the outgoing S﻿peaker, Jason Chaffetz , is due to resign. This is also today before the US government is due to run out of money if lawmakers do not increase the limit on federal borrowing. One of the One main candidates for the role of Speaker, Jason Chaffetz , announced today that if he was voted in, Republicans should be prepared to see a debt default and a government shutdown in order to pursue their party's agenda.﻿