The United States will reach the debt limit on November 5. If the limit is not raised prior to that point, the United States could default on its obligations, but that is not a likely outcome.
Two days ago, Paul Ryan announced that he would run for House Speaker, but only if his demands were met, and were met by Friday. “Mr. Ryan made it clear that he would not accede to preconditions set by “one group,” a clear reference to the members of the hard-line Freedom Caucus, which helped push Speaker John A. Boehner into retirement. Now it may be those same hard-liners who are feeling pressure to fall in line behind Mr. Ryan.” Ryan is demanding support across the Republican conference and says he wants to be “that unifying candidate.” However, polling data reveals that a Ryan Speakership would do anything but unite the party. At least 93% of GOP electorate opposes Paul Ryan on immigration. Continue reading
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