Divine Intervention? House Speaker Boehner Resigns From Congress (Amid "Conservative Coup")

Submitted by Tyler Durden on 09/25/2015 09:37 -0400
http://www.zerohedge.com/news/2015-09-25/divine-intervention-house-speaker-boehner-resigns-congress
The combination of another debt limit fight, the defunding of Planned Parenthood, and prospect of another government shutdown tearing his party apart, the GOP just suffered its latest major blow, when news hit that House speaker John Boehner, just 24 hours after speaking with the Pope, is about to fold one last time:

• BOEHNER TO RESIGN FROM CONGRESS, GIVE UP HOUSE SEAT IN OCT: NYT

This not only makes a government shutdown more likely as a result of loss in leadership at this crucial stage but more importantly, with Yellen blaming Congress for not hiking, just raised the general uncertainty and lowered odds of a December (or any subsequent) rate hike.

As The NY Times reports,  

Speaker John A. Boehner will resign from Congress and give up his House seat at the end of October, according to aides in his office.

Mr. Boehner was under extreme pressure from the right wing of his conference over whether or not to defund Planned Parenthood in a bill to keep the government open.

Boehner Statement:
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With Boehner gone, the debt ceiling vote just got a lot trickier for the White House and Wall Street. A LOT TRICKIER.

And the market knows it...