McCarthy may have to choose between government shutdown and speakership: Journalist

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With just three days left before a potential government shutdown, the Senate has released a bipartisan funding deal aimed at avoiding it. A shutdown could result in federal employees being furloughed, essential workers forced to work without pay, and delays in government services and benefits payments. However, House Speaker Kevin McCarthy has struggled to reach an agreement within his own party. In fact, McCarthy may have to choose between his speakership and the shutdown. The Nation D.C. Bureau Chief Chris Lehmann tells Yahoo Finance that McCarthy's calculation is– do you keep the government functioning and potentially sacrifice your speakership? or keep your speakership and 'own what, by any measure, would be sort of a catastrophic, self-inflicted budget crisis on the rest of the country?' 'Sadly, I think everything is trending in the latter direction,' Lehmann says. 'The deal that the senate hammered out yesterday, would be a good framework,' Lehmann says, 'if we had a sanely run GOP majority in the house, we don't.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.