Ending the Crisis?

15 October 2013 |permalink | email article

The hope was that the Senate would reach a deal on Tuesday but would only go into effect if weak Speaker John Boehner allowed it to go to a vote in the House. That didn’t happen because Boehner continues to cater to the Tea Party wing of his caucus, piling on new demands. On Tuesday morning it looked like a vote would take place but an hour later a vote was canceled and Jim Demint, the former Republican senator, who is now payed one million dollars a year to run the Heritage Foundation, convinced Boehner’s Tea Party group to vote against supporting it. The co-executive executive of Deutsche Bank called it a “rapidly spreading fatal disease.” The next thirty six hours are now crucial.

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