U.S. Government Speeds Toward Midnight Shutdown

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Sept. 30 (Bloomberg) -- Bloomberg chief Washington correspondent Peter Cook, Bloomberg contributing Editor David Plouffe, Greg Valliere, chief political strategist at Potomac Research and Bloomberg political analyst Matthew Dowd discuss the impending government shutdown and how that plays into a possible default of the U.S. government. They speak on Bloomberg Television’s “In The Loop.”

Ickes -- is the expectation that this will happen it?

My first expectation when i walked in and solve capitol police officers as they do not expect to get paid anytime soon.

Note negotiations happening between democrats and republicans.

-- no negotiations happening between democrats and republicans.

Senate voting to strip out the obamacare language and then back to the house.

Then the choice is up to john boehner.

There is a chance for last- minute reprieve.

Right now everyone is betting on a shutdown at midnight.

Almost feels like a game of political hot potato.

No one wants to be left with it when they ultimately get the blame.

Fax i think the house republicans are acting in an unprecedented way-- i think house republicans are acting in an unpresidential way -- unprecedented way.

I do not think they will blink today.

Is that ihis different than previous shutdowns?

What would you say is different between now and then?

The shutdown is not the big issue.

We have had many in the past.

The gdp would be moderately missed for a few days.

The big ceiling is good that -- big story is the debt ceiling.

That is why markets are worried, that we could be talking in three weeks about a possible market default.

That is ultimately the issue everyone is worried about.

Matthew dowd, could you make it off the kick case that this could buy political capital for democrats?

If republicans really dig in their heel on this, they will not have ammunition left and it comes to the october 17 debt ceiling?

I think no one wins in this.

I agree the republicans lose worse.

I do think there is a huge difference in this from 1995 and 1996 in that you had a leader of the house and newt gingrich who could leave the whole caucus.

It was a negotiating contact with him.

They did not want the government to shut down but in the course of government with president clinton, it happened.

There is a huge group that once the government shutdown in the republican party.

They believe shutting down the government is a good thing.

You have a speaker that has a difficult time leading the caucus because of that.

In the end, no one wins, the republicans just lose worse.

We will talk more about that and the influence of the tea party on all of this.

I want to go to peter cook

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


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