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Significance
Boehner's successor will head a fractious caucus divided between 'establishment' Republicans and the hardliner conservatives. Congress narrowly averted a government shutdown by passing a continuing resolution (CR) on September 30 providing funding at current levels through December 11. However, President Barack Obama has stated that he will not support further short-term funding bills and has yet to negotiate a 2016 budget with congressional leaders.
Impacts
Canada will benefit as a trading power from continued closure of the US Export-Import Bank.
US science and research funding will likely continue to be constrained by Washington budget battles.
A spending confrontation in December may pose the risk of another government shutdown.
Keywords:
United States,
NA,
Canada,
economy,
politics,
fiscal,
government,
legislation,
opposition,
party,
industry,
oil,
transport
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2015
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