Fiscalamity

For a few brief moments on Monday evening, it looked like House Republicans might finally come to their senses.

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Philip Klein of the Washington Examiner thinks a government shutdown, although possible, remains unlikely:...there’s still reason to believe that ... lawmakers will come to some sort of agreement to keep government funded.The nation now has more than two and a half years of experience with divided government during the Obama presidency. And each time there has been a major crisis, it’s followed a familiar pattern.

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House Republican leaders finally have a plan. On Wednesday, at a meeting of the party’s full caucus, Speaker John Boehner announced how he intends to approach the two big fiscal issues on the agenda—funding the government past October 1 and authorizing the Treasury to borrow money so it can pay the government's outstanding bills.

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