With Republicans In Disarray, And No Debt Ceiling Deal, All Eyes Turn To November 18 When The US Runs Out Of Cash

Friday, October 9, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
10/09/2015

In the aftermath of Kevin McCarthy’s surprising announcement yesterday that he would quit the race for speaker after reportedly telling House Republicans that he is not the one to unite the House Republicans following reports that he did not think he had the 218 votes necessary for the October 29th House vote, the GOP has been in disarray.

According to Reuters, Friday morning House Republicans met behind closed doors “to discuss next steps in their internal leadership battle on Friday morning, the day after the front-runner to lead their chamber abruptly quit the speaker’s race.”

“Starting this morning, we’re looking for a consensus candidate,” Representative Darrell Issa told CNBC ahead of the meeting.

It won’t be easy: finding a replacement for House Speaker John Boehner has consumed Republicans as Congress faces a series of pressing decisions, from raising the government borrowing authority to funding federal agencies through September.

Further complicating matters is that the House of Representatives is set to take recess next week.

Meanwhile, the power moves behind the scenes have begun. With House Ways and Means Committee Chairman, Paul Ryan, repeatedly saying he would not run, the richest member of Congress, California’s Darrell Issa said he was considering running.

“I could potentially be a candidate,” Issa said in a separate interview on MSNBC. If no clear candidate emerges, he said, House Republicans should look at replacing all of their leadership positions. Other candidates include Representatives Daniel Webster of Florida and Jason Chaffetz of Utah.

As Reuters reports, Webster has the backing the House Freedom Caucus, a group of about 40 members aligned with the Tea Party movement that calls for lower taxes, less federal spending and reduction of the national debt and budget deficit. Walter Jones, a Republican congressman from North Carolina, on Friday said he supported Webster for the job even as he acknowledged the long odds he faces to win.

“Obviously there’s chaos up here right now, and we’re going to have to see how it works out,” he told CNN.

The Rest…HERE

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