With the government shutdown plan pitched by Senators Marco Rubio, Ted Cruz, and Mike Lee looking less and less likely; the GOP-led House is preparing to threaten to crash the U.S. economy if President Barack Obama and Senate Democrats don’t acquiesce to Republican policy demands.
While the possibility of a government shutdown still remain high due to Congressional dysfunction, a more important showdown still looms large over Capitol Hill, the debt limit.
As Republicans in Congress prepare for a major fight with Senate Democrats and President Barack Obama over the economic future of the country; the eurozone is painting a very dark picture of what could lie ahead if America takes the wrong path.
The 112th Congress may go down as the biggest do-nothing Congress in history and that’s perfectly displayed in what’s about to happen to the U.S. Post Office.
Governor Rick Scott has weighed in with his thoughts on the federal debt ceiling. Scott is in favor of letting the U.S. default instead of raising the debt ceiling.
As South Florida continues to battle record unemployment, especially in Miami-Dade County, Congressional Republicans continue flirting with having the U.S. default on its debt.