WASHINGTON — At the White House, a stunned President Obama expressed hope for bipartisan progress as turmoil among Republicans ended Representative John A. Boehner’s speakership.
On Capitol Hill, the conservatives who had again felled one of their leaders rallied to name the terms for the next person to wield the speaker’s gavel.
And on Wall Street, fear set in at the prospect of another showdown over the government’s ability to pay its debt, support its export businesses and simply keep its doors open.
Mr. Boehner’s sudden announcement on Friday that he will step down from the speakership and leave the House on Oct. 30 has thrown Washington into deep uncertainty. His resignation is likely to herald an even more combative stretch in the nation’s capital, emboldening conservatives to defy Mr. Obama on looming decisions regarding spending, debt and taxes.
See Also:
#1 — Resignation triggers all-out leadership scramble
#2 — Conservatives to 2016 GOP Field: Defy Us at Your Own Peril
#4 — The Speaker Flubs His Lines
#5 — John Boehner is just the first victim of an angry Republican base
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