Biden aides are betting that Johnson won't be able to figure this out and are preparing along two tracks.

Washington this morning is waiting for House Speaker Mike Johnson to release his plan to keep the government funded past Friday, with Johnson and other leaders planning to brief House Republicans in a 3 p.m. call.

Given the timetable (less than a week), Johnson’s experience dealing with shutdown politics (near zero), and the level of disarray in the GOP conference (high), the chances of a shutdown are growing.

Sources on the Hill and at the White House said they are adjusting travel plans accordingly and preparing to spend the holiday in D.C. A last-minute short-term clean CR is always possible, but over at the White House they are not holding their breath.

Aides are betting on Johnson not being able to figure this out and are preparing along two tracks.

  • uphillbothways
    16•1 year ago

    And, how long until an international sell off of US currency as the national credit rating takes multiple hits?

    At which point, how long does the US last?

    • @[email protected]
      9•1 year ago

      Petroleum creates demand for USD which absolves many of our sins. If OPEC starts demanding a different currency for oil payment, that will be a serious problem for the dollar. Right now, that arrangement puts a floor on the price of the dollar.

      • @TechNerdWizard42
        1•1 year ago

        Starts? It has started. BRICS has seen the writing on the wall and lots of oil is now transacted in Non-USD currencies with the growth continuing.