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Wednesday, February 3, 2010

Obama Budget, Republican Obstruction, May Lead to Gridlock in Washington

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Political Science Scholar Larry Sabato co-wrote, The Party's Just Begun, which could also prove to be an apt phrase for the political climate in the months ahead in Washington.

That's because Congressional Republicans, emboldened by the securing of their 41st -- and filibuster-capable -- vote in the Senate as a result of Scott Brown's victory in the Massachusetts U.S. Senate race, may now choose to lock horns with U.S. President Barack Obama, D-Illinois, over his proposed $3.8 trillion fiscal 2011 budget.

And what a battle it may become: there's a 50/50 chance that the federal government will be shut down because of a lack of a budget. That's correct: a shutdown of non-essential services -- something the financial markets would not look favorably on, needless to say.

Continue reading Obama Budget, Republican Obstruction, May Lead to Gridlock in Washington

Obama Budget, Republican Obstruction, May Lead to Gridlock in Washington originally appeared on BloggingStocks on Tue, 02 Feb 2010 16:40:00 EST. Please see our terms for use of feeds.

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