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Republicans giving in on government shutdown?

There are fresh reports that a group of Republicans seek to end the government shutdown by passing a budget that does not mention Obamacare. House Speaker John Boehner is said to be “listening”.

If the group is big enough, or if the leadership changes direction and leans towards this group rather than the Tea Party members, the government shutdown could end sooner than later, and perhaps the debt ceiling issue will also be put off the table. It could provide the dollar room to breath, even though tapering seems to have slipped away already.

Here is the key part from the report:

More than a dozen House Republicans who want to drop attempts to undermine the health-care law and reopen the government are meeting among themselves and with House Speaker John Boehner “” and he’s listening.

The government shutdown began on October 3rd, and the debt ceiling is forecast to trigger on October 17th.

More:  How would a US debt default impact USD?

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.