Published: Mon, August 28, 2017
Tech | By Constance Martin

House Speaker Ryan visits Intel

House Speaker Ryan visits Intel

The House speaker insisted that Republicans have enough time to pass a tax reform package in 2017.

House Speaker Paul Ryan, R-Wis., said Thursday that he works to "lead by example" when trying to influence President Donald Trump's behavior. "We made a promise, we ran on this, we said this is necessary, this is what we're gonna do". At the time, he tweeted that a "good" government shutdown may be needed to force Democrats to make concessions.

"I am just excited to be here at Intel's headquarters", Ryan said. "We think a short-term spending bill (aka continuing resolution or CR) to keep the government open will pass but any CR will kick the can down the road until near the end of the calendar year and that is when, in our view, the prospects for a government shutdown become more likely".

"In Wisconsin we need more people to milk dairy cows", Ryan said.

"President Trump's multi-billion dollar border wall boondoggle is strongly opposed by Democrats and many Republicans", Pelosi said.

Ryan's statement sets up a showdown between Trump and the GOP Congress over funding for the wall, which Ryan says will be dealt with in the appropriations process but the president wants included in the debt ceiling bill. Ryan said. "Every single one of us needs to stand up and speak to this". The S&P 500 index fell.35% and the Dow Jones Industrial Average fell.4%.

Flake: Goal of Border Wall Is Not Just to 'Fulfill Campaign Promise'
Democrats responded, in essence, "make our day". "If we have to close down our government , we're building that wall", Trump said. After a failed vote to repeal Obamacare last month, the relationship soured. "We're not going to politicize veterans' care".

Trump's remarks were "unsettling", Marc Chandler, global head of currency strategy at Brown Brothers Harriman & Co., wrote Wednesday. The problem for the GOP senators is that if there is a government shutdown, they will be blamed.

Any connection to the debt limit fight would heighten the stakes, he added.

Meanwhile, Senate Majority Leader Mitch McConnell finally addressed media reports that he and Trump have grown so angry with each other that they haven't spoken in weeks.

Still, the analysts put the odds of a government shutdown at the beginning of October at less than 50 percent - but December is another story.

The Speaker said, "I've been focused on this literally my adult life. But believe me, if we have to close down our government, we're building that wall".

Conservatives in the Republican Study Committee and House Freedom Caucus are pushing for deep cuts to entitlement tied to the debt ceiling which moderates in the party are not prepared to vote in favor of.

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