The US House of Representatives appears to have shifted tactics from fighting over the debt ceiling to defund Obamacare, to fighting over the continuing resolution, i.e. funding government operations. Either way, it is playing a dangerous game of political chicken with the economy.
There are three reasons why a perfect storm for a new recession is developing rapidly. The House of Representative’s latest vote, to fund the government but de-fund Obamacare may be the ingredient that tips the economy over.