Surprise Me!

John Boehner's sudden resignation makes Wall Street want to cry

2015-09-25 5 Dailymotion

John Boehner, the speaker of the house, is one of Wall Street's favorites in Congress.<br />From his close relationship with the U.S. Chamber of Commerce to the speaker's role in defusing three Tea Party tantrums about the debt ceiling, Boehner has distinguished himself as a dealmaker in the Wall Street style: comfortable with compromise and able to see financial reason.<br />The sudden move immediately caused Wall Street analysis and economists to cast doubt on whether the Republican and Democratic parties will be able to strike a deal to avoid a government shutdown that looms at the end of September.<br />The U.S. government is set to run out of money in about a week.<br />Wall Street's worry: if Boehner, who has done this before three times, can't fix this, then who can?<br />Boehner had been on the front lines of battles between his Republican party and Democratic President Barack Obama over government spending, having worked to wrangle the GOP into a position of compromise.

Buy Now on CodeCanyon