Source: newstalk910.com

Last night the Republican House caucus turned their back on their leader, Speaker John Boehner. It was a stunning repudiation of Boehner who is, in theory, the second most powerful figure in Washington. The failure of the Republicans in the House reveals the struggle for power between the "pragmatic wing" and the "young guns", the hard right of the Republican Party. In the meantime, the stock market plunged this morning. As the New Year approaches, the fiscal cliff looms closer and closer.