With 96 hours left to raise the debt ceiling, and in a sense save the world economy, the Republican Party has failed to gain sufficient internal consensus to support its plan that was scheduled to be put before Congress yesterday.
The leader of the Republicans in the House of Representatives, John Boehner, has lost his political credibility as he failed to persuade the Tea Party faction to support him.
As such, the vote and plan have been abandoned and the markets have continued to fall.
Proof, if ever it were needed, that the politicians care more about partisan politics than people's lives.
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