House Speaker Chaos Raises Fears of Prolonged Shutdown as Markets Tumble

Stocks and bonds have tumbled over worries about economic health and government shutdown. 30-year Treasury yield hit 16-year high.

House Republican infighting and removal of Kevin McCarthy as speaker raised fears of prolonged leadership vacuum.

No clear successor to McCarthy. Elise Stefanik, Steve Scalise, Tom Cole floated as potential speaker candidates.

McCarthy's deal to avert shutdown now in jeopardy, with some Republicans saying they have less leverage in talks.

Just 6 weeks until potential government shutdown. Lawmakers worried about avoiding it given House chaos.