Updated with Loren Thompson & Byron Callan comment WASHINGTON: Rep. Kevin McCarthy’s sudden exit from the House Speaker race raises the chance of a fiscal disaster — but it also raises the odds of a desperate budget deal. Both extremes just got more likely. Ironically, this deepening leadership void elevates the role of Rep. John… Keep reading →

WASHINGTON: If the National Defense Authorization Act really is vetoed by President Obama, the Pentagon’s top acquisition official thinks slicing out the Overseas Contingency Funding and leaving the rest of the bills as is might work. Frank Kendall, undersecretary for acquisition, technology and logistics, also said that another Continuing Resolution in December covering the all… Keep reading →

WASHINGTON: Speaker John Boehner, that always-tanned, often crying fellow who has led House Republicans since 2010, appears to have given up after new challenges from fiscal radicals in the Republican Party and announced his resignation this morning. Boehner, a Catholic, campaigned for 20 years to bring a Pope to Congress. Yesterday he got his wish and… Keep reading →