Shutdown, debt fight highlight Republican distance from 'big business'


  • World
  • Thursday, 03 Oct 2013

(Reuters) - Big business, a traditionally powerful but pragmatic player in Republican policy-making, has found itself outflanked and marginalized by smaller conservative groups opposed to compromise in the country's current fiscal crisis and the looming showdown over the debt ceiling.

As the shutdown of the government approaches its third day, business leaders and groups like the U.S. Chamber of Commerce are worried about the economic implications of a standoff over the debt limit, but their pleas have not moved the Republican leadership in the House of Representatives to action. Meanwhile right-wing groups like the Club for Growth and Heritage Action have gained traction, particularly as Tea Party-aligned lawmakers rise in prominence.

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