Chance of Govt Shutdown Drops With Boehner Exit
House Speaker John Boehner's resignation reduces the chances of a government shutdown on Oct. 1, but does little to heal deep divisions in the U.S. Congress, likely increasing uncertainty that could roil financial markets later this year.
Major fiscal challenges lie ahead: a long-term federal budget deal and a debt ceiling increase. Disputes over these issues, between the two parties and within the Republican party, will not be resolved by Boehner's stunning departure.
Just before telling fellow House Republicans on Friday that he would step down at the end...