After more than 13 hours, Texas Senator Ted Cruz is STILL talking on the Senate floor, arguing against funding Obamacare.
Were he to be successful, there would almost certainly be a government shutdown, since Democrats will never agree to pass a budget that doesn’t fund Obamcare.
But as we explained yesterday, this would be a good, bullish thing.
If there’s no shutdown, then all this tension and anger gets transfered to the debt ceiling, which is a far more risky battle line, since it could be default.
A brief government shutdown makes the GOP look bad (most likely) and things would probably get resolved soon thereafter with no systemic risk.