- Bloomberg.com – McCarthy Turmoil Is Grim Omen for Debt Limit, Spending Talks
Demands by conservative hard-liners raise risk of US default
Any financial storm would strike a vulnerable US economy
The turmoil that has for three days stalled the start of the new Republican House majority offers a warning that disarray in Washington risks igniting a US debt crisis capable of roiling financial markets later this year. The deadlock between establishment Republicans and dissident conservatives over choosing a House speaker laid bare the depth of division within the party, and the powerlessness of GOP leaders to force a compromise on recalcitrant members.
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