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OpEdNews Op Eds    H3'ed 9/29/15

Behind the resignation of US House Speaker Boehner

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It appears that Boehner's appearance on "Face the Nation" had as a major purpose reassuring world financial markets that his resignation would not mean the destabilization of federal finances. The first question he was asked was about a possible federal shutdown and he declared categorically that Congress would pass a resolution to continue federal funding past September 30, when the fiscal year ends.

The House would take up and pass a Senate bill continuing funding for all federal agencies, he said, including funding for programs involving the women's health organization Planned Parenthood, the target of a smear campaign orchestrated by anti-abortion groups. He acknowledged that the continuing resolution would require Democratic votes to pass and that he was counting to Democrats to provide their support.

There are other deadlines looming soon after September 30. All federal highway funding expires October 29, the Treasury expects to reach the debt ceiling sometime in November, and the continuing resolution set for approval next week would allow funding to expire again December 11.

In big business circles, there is even less confidence in Boehner's likely successor, Majority Leader Kevin McCarthy, to keep the far right wing of the Republican Party under control in dealing with these deadlines. McCarthy has been in the House for only nine years and has never chaired a committee or subcommittee, rising rapidly as a protege of the previous majority leader, Eric Cantor, as well as Boehner.

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Patrick Martin writes for the World Socialist Website (wsws.org), a forum for socialist ideas & analysis & published by the International Committee of the Fourth International (ICFI).
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