Published on Sep 27, 2013
As the government creeps closer to a potential shutdown next week, party unity is beginning to fracture among Republicans on Capitol Hill. Sen. Bob Corker (R-Tenn.) spoke on the Senate floor on Thursday, criticizing his fellow Republican senators Ted Cruz from Texas and Mike Lee from Utah for grandstanding and delaying the votes necessary to avert a government shutdown. Despite Cruz’s and Lee’s tactics, Friday afternoon the Senate passed its plan to keep the government – and Obamacare – funded. Now House Republicans face a choice by this Monday: Cave on Obamacare and accept the Senate’s bill to keep the government funded or dig their heels in and stand firm on defunding Obamacare, plunging the government into a shutdown. And once the government funding is figured out, Congress then faces a fight over raising the debt ceiling. RT’s Sam Sacks talks to Peter Schiff, CEO and chief global strategist at Euro Pacific Capital, about the current congressional debates.
Watch more of Peter’s commentaries on his YouTube channel SchiffReport