Who Controls the GOP: Tea Party or Business Groups?

Your next video will start in

Recommended Videos

  • Info

  • Comments


Oct. 18 (Bloomberg) -- A battle for control of the Republican Party has erupted as an emboldened Tea Party moved to oust senators who voted to reopen the government while business groups mobilized to defeat allies of the small-government movement. Phil Mattingly reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)

Often held the upper hand.

They've got the money.

Washington correspondent phil mattingly on how this is manning -- dynamic has changed and what it means for the showdown and the debt ceiling fight we just came out of.

What has changed in the republican party, particularly with the money?

The u.s. chamber of commerce is the premier business organization in washington, one of the town's most powerful lobbying and campaign forces.

More often than not they support republican causes and more importantly, candidate.

But on the day of the compromise vote this week, the chamber urged lawmakers to vote for the deal, saying those calling for default, less interested in the main street concerns of businesses large and small.

But this underlies the rise of a new faction in the republican party less focused on the business interest a more focused on ideology.

They have plenty of money to back them up.

Talk about them are.

Who are they and what do they bring to the table and how much money are we talking about?

These are the groups that helped senator ted cruz not only get elected to the senate but also help spearhead the defund movement on the health care law.

Those willing to primary sitting senators and congressmen, and they give them money and the infrastructure and support to mount the challenges.

Club for growth, freedom works for america, and the senate conservatives fund spent more than $40 million on their causes.

The chamber of commerce?


$32 million.

Even though john boehner blinked, did these groups benefit at all from the fight?


The fight over the president's health care law and the influence of these groups have over these members' votes have only worked to increase their clout.

Harry jackson, told them over $300,000 in the period of over -- only three weeks.

My guest host is loop capital's ceo jim reynolds in from chicago where he is in contact with heavy hitters like mayor rahm emanuel and the

This text has been automatically generated. It may not be 100% accurate.


BTV Channel Finder


ZIP is required for U.S. locations

Bloomberg Television in   change