No Cliff Rescue Tonight
From Econintersect Combined RSS Feed
December 31, 2013 - 10:41pm
Econintersect: Whatever happens in the Senate tonight the cliff will be passed as the New Year arrives. The House will not stay open to address whatever the Senate passes tonight, but will reconvene at noon on New Year's Day. But even then it is not clear when the House might vote. Investment News says it might be Tuesday or Wednesday; Econintersect suggests it might be never, if the House leadership follows a practice exercised over the latest two-year term of not bringing any bill up for a vote that does not have enough Republican votes to assure a majority vote from Republicans only. Under such a constraint the disagreement by as few as 21 Republicans would prevent a vote ever being taken.
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