{"id":72190,"date":"2023-10-13T08:56:44","date_gmt":"2023-10-13T12:56:44","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/scalise-drops-out-of-speaker-race-why-a-leaderless-house-is-bad-for-bonds\/"},"modified":"2023-10-13T08:56:48","modified_gmt":"2023-10-13T12:56:48","slug":"scalise-drops-out-of-speaker-race-why-a-leaderless-house-is-bad-for-bonds","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=72190","title":{"rendered":"Scalise Drops Out of Speaker Race. Why a Leaderless House Is Bad for Bonds."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000768814\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Republicans in the House of Representatives look further away from selecting a speaker after Steve Scalise dropped out of the race.<\/p>\n<p>Scalise, the majority leader, won the conference\u2019s nomination earlier this week but then struggled to nail down enough wider support to be sure of winning the role. It leaves the chamber without a leader for a second week\u2014Kevin McCarthy was ousted after agreeing to a deal with Democrats that kept the government running.<\/p>\n<div class=\"paywall\">\n<p>But that deal was just a temporary extension of funding for government business. Without a speaker the House can\u2019t function to negotiate a new deal, or approve things such as additional funding for Israel or Ukraine.<\/p>\n<p>It\u2019s not a good look for the leaders of the world\u2019s biggest economy. The power vacuum could become detrimental for government bonds if investors decide the U.S. can\u2019t reliably and predictably resolve disagreements over budgets and spending.<\/p>\n<p>For now, the Republicans are considering giving Speaker Pro Tempore Patrick McHenry powers to buy them time. But lawmakers are going into the weekend with the struggle over who gets the speaker\u2019s gavel unresolved.<\/p>\n<p>Write to Brian Swint at brian.swint@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/scalise-speaker-house-bonds-economy-7decfd6d?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Republicans in the House of Representatives look further away from selecting a speaker after Steve Scalise dropped out of the race. Scalise, the majority leader, won the conference\u2019s nomination earlier this week but then struggled to nail down enough wider support to be sure of winning the role. It leaves the chamber without a leader [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":72191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-72190","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Scalise Drops Out of Speaker Race. Why a Leaderless House Is Bad for Bonds. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Republicans in the House of Representatives look further away from selecting a speaker after Steve Scalise dropped out of the race.Scalise, the majority\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=72190\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scalise Drops Out of Speaker Race. 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